AB SKF (OTCMKTS:SKFRY) Raised to “Hold” at Zacks Research

AB SKF (OTCMKTS:SKFRY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AB SKF presently has an average rating of “Hold”.

AB SKF Stock Performance

Shares of SKFRY stock opened at $25.50 on Monday. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. AB SKF has a one year low of $21.97 and a one year high of $29.41. The company’s 50-day moving average is $25.65 and its 200 day moving average is $26.18.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.44 billion. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. Sell-side analysts expect that AB SKF will post 1.8 EPS for the current fiscal 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.