AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “

Separately, ValuEngine upgraded shares of AB SKF from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.00.

OTCMKTS:SKFRY traded up $0.04 during mid-day trading on Wednesday, reaching $18.79. The stock had a trading volume of 398 shares, compared to its average volume of 10,657. The company has a quick ratio of 1.31, a current ratio of 2.17 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.46 billion, a P/E ratio of 13.33, a PEG ratio of 1.50 and a beta of 0.52. AB SKF has a twelve month low of $17.83 and a twelve month high of $25.34.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.49 EPS for the quarter. The firm had revenue of $2.61 billion during the quarter. AB SKF had a net margin of 8.07% and a return on equity of 21.55%. analysts expect that AB SKF will post 1.64 EPS for the current year.

AB SKF Company Profile

AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.

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