AB SKF (OTCMKTS:SKFRY) Cut to “Strong Sell” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of AB SKF (OTCMKTS:SKFRY) from a strong-buy rating to a strong sell rating in a research note published on Monday morning,Zacks.com reports.

Several other brokerages also recently commented on SKFRY. Zacks Research downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane raised AB SKF to a “hold” rating in a report on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AB SKF has a consensus rating of “Hold”.

AB SKF Stock Up 3.0%

SKFRY opened at $27.22 on Monday. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The firm’s 50-day simple moving average is $26.41 and its 200-day simple moving average is $25.51. AB SKF has a twelve month low of $15.86 and a twelve month high of $27.97.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.29 billion. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. Equities research analysts anticipate that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.