AB SKF (OTCMKTS:SKFRY) Given Average Rating of “Hold” by Brokerages

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

Several brokerages have commented on SKFRY. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd.

AB SKF Price Performance

AB SKF stock opened at $25.82 on Thursday. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18. AB SKF has a 1 year low of $22.26 and a 1 year high of $29.41. The firm has a 50-day moving average of $25.94 and a two-hundred day moving average of $26.16.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a return on equity of 13.63% and a net margin of 4.23%. On average, research analysts forecast that AB SKF will post 1.8 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.