Schaeffler (OTCMKTS:SCFLF) Price Target Cut to €5.50

Schaeffler (OTCMKTS:SCFLFGet Rating) had its price target decreased by Morgan Stanley from €6.40 ($6.74) to €5.50 ($5.79) in a report issued on Wednesday, The Fly reports.

A number of other brokerages have also issued reports on SCFLF. JPMorgan Chase & Co. lowered their price target on Schaeffler from €9.00 ($9.47) to €8.00 ($8.42) in a report on Wednesday, April 6th. Citigroup cut Schaeffler from a neutral rating to a sell rating in a report on Tuesday, March 22nd. Credit Suisse Group cut their price target on Schaeffler from €7.50 ($7.89) to €6.00 ($6.32) in a research note on Monday, March 14th. Finally, Zacks Investment Research downgraded Schaeffler from a hold rating to a strong sell rating in a report on Friday, March 18th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $7.06.

Shares of SCFLF stock opened at $5.27 on Wednesday. The company has a market capitalization of $874.82 million, a P/E ratio of 4.15 and a beta of 1.06. The company’s 50-day simple moving average is $5.98 and its two-hundred day simple moving average is $7.42. Schaeffler has a one year low of $5.15 and a one year high of $9.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.59 and a quick ratio of 1.06.

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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