AB SKF (OTCMKTS:SKFRY) Downgraded by Rothschild Redb to “Hold”

Rothschild Redb downgraded shares of AB SKF (OTCMKTS:SKFRY) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

SKFRY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Zacks Research cut AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a research note on Tuesday, December 9th. Finally, The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

AB SKF Trading Up 3.0%

AB SKF stock opened at $27.22 on Wednesday. AB SKF has a 52 week low of $15.86 and a 52 week high of $27.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.70 and a beta of 1.13. The company has a 50 day moving average price of $26.41 and a 200 day moving average price of $25.51.

AB SKF (OTCMKTS:SKFRY) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a return on equity of 14.26% and a net margin of 5.07%.The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.29 billion. Research analysts forecast that AB SKF will post 1.51 EPS 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.