AB SKF (OTCMKTS:SKFRY) Receives Average Recommendation of “Reduce” from Analysts

Shares of AB SKF (OTCMKTS:SKFRY) have received a consensus rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of analysts recently weighed in on the company. Rothschild & Co Redburn downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Zacks Research cut AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group cut shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th.

AB SKF Price Performance

Shares of OTCMKTS:SKFRY opened at $23.54 on Friday. AB SKF has a 52 week low of $15.86 and a 52 week high of $29.41. The company has a 50-day moving average price of $27.44 and a 200 day moving average price of $26.38. The company has a market cap of $10.72 billion, a P/E ratio of 27.37, a PEG ratio of 1.56 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

AB SKF (OTCMKTS:SKFRY) last released its earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 14.27% and a net margin of 4.20%. Research analysts predict that AB SKF will post 1.51 earnings per share for the current 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.