AB SKF (publ) (OTCMKTS:SKFRY) Receives Consensus Recommendation of “Hold” from Analysts

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) has been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $194.52.

Several research firms have commented on SKFRY. Danske lowered AB SKF (publ) from a “buy” rating to a “hold” rating in a research report on Friday, February 4th. Zacks Investment Research lowered AB SKF (publ) from a “hold” rating to a “sell” rating in a research report on Wednesday, March 16th. Berenberg Bank decreased their target price on AB SKF (publ) from SEK 260 to SEK 240 in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft decreased their target price on AB SKF (publ) from SEK 245 to SEK 235 in a research report on Friday, February 4th. Finally, UBS Group upgraded AB SKF (publ) from a “sell” rating to a “neutral” rating in a report on Thursday, March 17th.

Shares of OTCMKTS:SKFRY opened at $16.67 on Monday. AB SKF has a twelve month low of $15.00 and a twelve month high of $27.99. The company’s 50 day moving average is $17.31 and its 200 day moving average is $21.40. The company has a current ratio of 2.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.34. The company has a market cap of $7.10 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37.

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.08. AB SKF (publ) had a net margin of 8.98% and a return on equity of 17.55%. The company had revenue of $2.37 billion for the quarter. Equities research analysts predict that AB SKF will post 1.61 earnings per share for the current fiscal year.

About AB SKF (publ) (Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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