AB SKF (OTCMKTS:SKFRY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have received an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company.

SKFRY has been the topic of several research reports. Zacks Research lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. The Goldman Sachs Group cut shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Finally, Rothschild Redb cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

AB SKF Stock Up 0.3%

SKFRY stock opened at $28.13 on Thursday. The company has a market cap of $12.81 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13. AB SKF has a fifty-two week low of $15.86 and a fifty-two week high of $28.13. 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 stock’s 50 day simple moving average is $26.52 and its 200 day simple moving average is $25.58.

AB SKF (OTCMKTS:SKFRY) last released its 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 net margin of 5.07% and a return on equity of 14.26%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts expect that AB SKF will post 1.51 earnings per share 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.