Industry News
AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.
According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “
Other research analysts have also recently issued research reports about the company. ValuEngine raised AB SKF from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Deutsche Bank raised AB SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Berenberg Bank raised AB SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.00.
OTCMKTS SKFRY opened at $19.80 on Friday. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.54 and a beta of 0.65. AB SKF has a 1 year low of $19.28 and a 1 year high of $25.34. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53.
