AB SKF (OTCMKTS:SKFRY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have been given a consensus rating of “Reduce” by the six ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.

A number of analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Jefferies Financial Group cut AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Zacks Research cut AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th.

AB SKF Stock Performance

Shares of OTCMKTS:SKFRY opened at $25.25 on Friday. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.91 and a beta of 1.18. The firm’s 50 day simple moving average is $25.34 and its 200 day simple moving average is $26.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19. AB SKF has a fifty-two week low of $19.64 and a fifty-two week high of $29.41.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.44 billion. AB SKF had a net margin of 4.23% and a return on equity of 14.05%. As a group, sell-side analysts forecast that AB SKF will post 1.84 earnings per share for the current year.

AB SKF Company Profile

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.