AB SKF (OTCMKTS:SKFRY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on SKFRY. 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 report on Wednesday, January 21st. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Finally, The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

AB SKF Stock Performance

Shares of OTCMKTS:SKFRY opened at $28.90 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.16 and a quick ratio of 1.20. AB SKF has a 1 year low of $15.86 and a 1 year high of $29.27. The firm has a market capitalization of $13.16 billion, a PE ratio of 33.60, a P/E/G ratio of 1.92 and a beta of 1.15. The business’s 50 day moving average price is $27.16 and its 200-day moving average price is $25.96.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, January 30th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). AB SKF had a net margin of 4.20% and a return on equity of 14.25%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.41 billion. As a group, equities research analysts expect 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.