AB SKF (OTCMKTS:SKFRY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group downgraded shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group downgraded shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Rothschild & Co Redburn cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AB SKF presently has a consensus rating of “Reduce”.

AB SKF Stock Up 1.4%

SKFRY stock opened at $28.98 on Tuesday. The company’s 50 day simple moving average is $27.12 and its 200-day simple moving average is $25.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.16 and a quick ratio of 1.20. AB SKF has a 52-week low of $15.86 and a 52-week high of $29.01. The firm has a market capitalization of $13.19 billion, a P/E ratio of 33.69, a P/E/G ratio of 1.89 and a beta of 1.15.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 14.25% and a net margin of 4.20%. As a group, equities research analysts anticipate that AB SKF will post 1.51 EPS for the current year.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.