Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research report sent to investors on Wednesday, August 1st. The firm currently has $23.00 target price 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. “

A number of other equities research analysts also recently weighed in on SKFRY. ValuEngine downgraded shares of AB SKF from a hold rating to a sell rating in a research report on Tuesday, June 5th. Deutsche Bank upgraded shares of 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 issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $23.00.

Shares of OTCMKTS SKFRY opened at $19.06 on Wednesday. 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 capitalization of $8.65 billion, a PE ratio of 10.92, a P/E/G ratio of 1.52 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 earnings per share (EPS) for the quarter. AB SKF had a net margin of 8.07% and a return on equity of 21.55%. The business had revenue of $2.61 billion during the quarter. sell-side analysts forecast 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.