AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, July 26th.

SKFRY has been the subject of a number of other research reports. Zacks Investment Research downgraded AB SKF from a “buy” rating to a “sell” rating in a research report on Thursday, June 28th. Deutsche Bank upgraded AB SKF from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Two investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Shares of AB SKF stock traded up $0.06 during trading hours on Thursday, hitting $19.06. 7,765 shares of the company’s stock traded hands, compared to its average volume of 21,881. AB SKF has a 12-month low of $17.83 and a 12-month high of $25.34. The firm has a market cap of $8.89 billion, a PE ratio of 13.52, a P/E/G ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31. 

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

About AB SKF

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.