Credit Suisse Group Trims AB SKF (publ) (OTCMKTS:SKFRY) Target Price to SEK 160

AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) had its target price trimmed by Credit Suisse Group from SEK 180 to SEK 160 in a report published on Wednesday morning, The Fly reports. The brokerage currently has an underperform rating on the industrial products company’s stock.

Several other brokerages have also weighed in on SKFRY. DNB Markets raised shares of AB SKF (publ) from a hold rating to a buy rating and set a $245.00 price objective on the stock in a research report on Monday, February 21st. Zacks Investment Research downgraded shares of AB SKF (publ) from a hold rating to a sell rating in a research note on Wednesday, March 16th. Royal Bank of Canada lowered their price target on shares of AB SKF (publ) from SEK 300 to SEK 250 and set an outperform rating on the stock in a research report on Friday, February 4th. Morgan Stanley lowered their price target on shares of AB SKF (publ) from SEK 250 to SEK 210 in a research report on Wednesday, March 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of AB SKF (publ) from SEK 245 to SEK 235 in a research report on Friday, February 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $191.00.

Shares of SKFRY opened at $16.65 on Wednesday. The firm has a market capitalization of $7.09 billion, a PE ratio of 8.81, a PEG ratio of 3.03 and a beta of 1.37. The company’s 50-day moving average is $17.08 and its 200-day moving average is $21.26. AB SKF has a fifty-two week low of $15.00 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.19 and a quick ratio of 1.34.

AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The industrial products company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. AB SKF (publ) had a net margin of 8.98% and a return on equity of 17.55%. 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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