Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research note released on Wednesday, August 1st. Zacks Investment Research currently has $23.00 price target on the industrial products company’s stock.

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. “

Several other research analysts also recently weighed in on SKFRY. Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a research note on Wednesday, April 11th. ValuEngine downgraded AB SKF from a hold rating to a sell rating in a research note on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. AB SKF has a consensus rating of Hold and an average price target of $23.00.

Shares of OTCMKTS SKFRY opened at $19.00 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. AB SKF has a fifty-two week low of $17.83 and a fifty-two week high of $25.34. The stock has a market cap of $8.89 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.56 and a beta of 0.56.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Thursday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter. The business had revenue of $2.61 billion for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. equities analysts forecast that AB SKF will post 1.66 EPS for the current year.

AB SKF Company Profile

AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.