Industry News
AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, June 14th.
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. “
SKFRY has been the topic of several other research reports. ValuEngine lowered shares of AB SKF from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Deutsche Bank upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Finally, Berenberg Bank upgraded shares of AB SKF from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.00.
AB SKF opened at $19.00 on Thursday, according to Marketbeat Ratings. The company has a market cap of $8.65 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 2.17. AB SKF has a 52-week low of $18.77 and a 52-week high of $25.34.
