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

AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

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

AB SKF Stock Performance

Shares of SKFRY stock opened at $25.50 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.01 and a beta of 1.18. AB SKF has a 52 week low of $21.97 and a 52 week high of $29.41. The firm’s 50-day simple moving average is $25.65 and its two-hundred day simple moving average is $26.18.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, equities analysts forecast that AB SKF will post 1.8 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.