Rothschild Redb Downgrades AB SKF (OTCMKTS:SKFRY) to Hold

AB SKF (OTCMKTS:SKFRY) was downgraded by stock analysts at Rothschild Redb from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on SKFRY. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Zacks Research lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, BNP Paribas Exane upgraded shares of AB SKF to a “hold” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

AB SKF Trading Up 3.0%

Shares of SKFRY opened at $28.05 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock has a market cap of $12.77 billion, a PE ratio of 26.97, a PEG ratio of 2.78 and a beta of 1.13. AB SKF has a 1 year low of $15.86 and a 1 year high of $28.05. The stock has a 50 day simple moving average of $26.46 and a 200-day simple moving average of $25.52.

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

About AB SKF

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.