AB SKF (OTCMKTS:SKFRY) Given Average Recommendation of “Reduce” by Brokerages

AB SKF (OTCMKTS:SKFRY) has earned a consensus rating of “Reduce” from the six brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company.

SKFRY has been the subject of several recent research reports. Jefferies Financial Group downgraded AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. BNP Paribas Exane raised AB SKF to a “hold” rating in a research note on Tuesday, December 9th. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research cut shares of AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th.

AB SKF Stock Up 2.6%

Shares of OTCMKTS SKFRY opened at $28.90 on Monday. AB SKF has a 12-month low of $15.86 and a 12-month high of $29.27. The company has a market capitalization of $13.16 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19. The firm’s 50-day moving average is $27.35 and its two-hundred day moving average is $26.16.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data 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). AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Equities analysts anticipate that AB SKF will post 1.51 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.