AB SKF (SKFRY) Given Average Recommendation of “Hold” by Analysts

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AB SKF (OTCMKTS:SKFRY) has received a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company.

Several research firms have recently issued reports on SKFRY. Zacks Investment Research upgraded AB SKF from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, September 19th. Barclays downgraded AB SKF to a “sell” rating in a research note on Wednesday, October 3rd. ValuEngine downgraded AB SKF from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Jefferies Financial Group downgraded AB SKF from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, JPMorgan Chase & Co. cut AB SKF from a “neutral” rating to an “underweight” rating in a research report on Monday, December 3rd.

Shares of SKFRY stock opened at $16.32 on Friday. AB SKF has a 1-year low of $13.78 and a 1-year high of $25.34. The company has a current ratio of 2.25, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a market cap of $7.50 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.72.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.37 earnings per share for the quarter. AB SKF had a return on equity of 21.91% and a net margin of 8.42%. The business had revenue of $2.38 billion for the quarter. On average, equities research analysts anticipate that AB SKF will post 1.56 EPS for the current year.

About AB SKF

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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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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