AB SKF (OTCMKTS:SKFRY) Cut to Moderate Sell at Jefferies Financial Group

Jefferies Financial Group cut shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a moderate sell rating in a research report released on Sunday morning,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Rothschild Redb downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. BNP Paribas Exane raised AB SKF to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group downgraded shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

AB SKF Price Performance

SKFRY stock opened at $28.75 on Friday. AB SKF has a 12-month low of $15.86 and a 12-month high of $28.75. The stock has a 50-day moving average price of $26.66 and a two-hundred day moving average price of $25.67. 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 company has a market cap of $13.09 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.89 and a beta of 1.13.

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