AB SKF (OTCMKTS:SKFRY) Given Average Rating of “Hold” by Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.

Several analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

AB SKF Price Performance

Shares of OTCMKTS SKFRY opened at $27.60 on Monday. The business’s 50 day moving average price is $26.48 and its two-hundred day moving average price is $26.15. The company has a market cap of $12.57 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company has a quick ratio of 1.30, a current ratio of 2.19 and a debt-to-equity ratio of 0.31. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.41.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. AB SKF had a return on equity of 13.27% and a net margin of 5.05%.The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. On average, analysts predict that AB SKF will post 1.81 EPS for the current 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.