Schaeffler AG (OTCMKTS:SCFLF) Receives Average Recommendation of “Hold” from Analysts

Shares of Schaeffler AG (OTCMKTS:SCFLFGet Rating) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of brokerages have issued reports on SCFLF. JPMorgan Chase & Co. reduced their price objective on shares of Schaeffler from €9.00 ($9.68) to €8.00 ($8.60) in a research note on Wednesday, April 6th. Credit Suisse Group dropped their price objective on shares of Schaeffler from €7.50 ($8.06) to €6.00 ($6.45) in a report on Monday, March 14th. Citigroup downgraded shares of Schaeffler from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 22nd. Finally, Zacks Investment Research downgraded shares of Schaeffler from a “hold” rating to a “strong sell” rating in a research report on Friday, March 18th.

OTCMKTS:SCFLF opened at $5.15 on Wednesday. Schaeffler has a one year low of $5.15 and a one year high of $9.85. The firm has a market capitalization of $854.90 million, a P/E ratio of 4.06 and a beta of 1.05. The company has a fifty day moving average of $6.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.06 and a current ratio of 1.59.

Schaeffler Company Profile (Get Rating)

Schaeffler AG, together with its subsidiaries, manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components.

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Analyst Recommendations for Schaeffler (OTCMKTS:SCFLF)

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