Royal Bank Of Canada Downgrades AB SKF (OTCMKTS:SKFRY) to Hold

AB SKF (OTCMKTS:SKFRY) was downgraded by equities research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SKFRY has been the topic of a number of other research reports. 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, January 19th. Jefferies Financial Group downgraded shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Rothschild & Co Redburn downgraded shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded shares of AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

AB SKF Price Performance

Shares of SKFRY opened at $25.64 on Monday. The firm has a market cap of $11.68 billion, a PE ratio of 29.81, a PEG ratio of 1.80 and a beta of 1.17. The firm’s 50 day moving average price is $25.85 and its 200 day moving average price is $26.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. AB SKF has a twelve month low of $18.04 and a twelve month high of $29.41.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a net margin of 4.20% and a return on equity of 14.27%. As a group, research analysts expect that AB SKF will post 1.84 EPS for the current fiscal 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.