AB SKF (OTCMKTS:SKFRY) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

AB SKF (OTCMKTS:SKFRY) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Tuesday.

Separately, Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

AB SKF Stock Down 1.4%

Shares of SKFRY opened at $24.93 on Tuesday. AB SKF has a 12 month low of $15.86 and a 12 month high of $27.59. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.02 and a beta of 1.20. The company has a 50-day moving average price of $25.54 and a two-hundred day moving average price of $23.99. The company has a quick ratio of 1.13, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.29 billion. AB SKF had a return on equity of 14.37% and a net margin of 5.07%. Equities analysts predict that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.