AB SKF (OTCMKTS:SKFRY) Receives Consensus Rating of “Reduce” from Analysts

AB SKF (OTCMKTS:SKFRY) has been given a consensus recommendation of “Reduce” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.

A number of equities analysts recently issued reports on SKFRY shares. Zacks Research downgraded AB SKF from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Jefferies Financial Group downgraded AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. BNP Paribas Exane raised AB SKF to a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Rothschild & Co Redburn downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st.

AB SKF Stock Performance

Shares of SKFRY opened at $24.45 on Tuesday. The stock has a 50-day simple moving average of $26.26 and a 200-day simple moving average of $26.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. The stock has a market capitalization of $11.13 billion, a PE ratio of 28.43, a PEG ratio of 1.59 and a beta of 1.17. AB SKF has a 1 year low of $15.86 and a 1 year high of $29.41.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data 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 company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a net margin of 4.20% and a return on equity of 14.27%. On average, analysts predict 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.