AB SKF (OTCMKTS:SKFRY) Given Consensus Recommendation of “Reduce” by Brokerages

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

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

AB SKF Stock Down 1.3%

Shares of OTCMKTS:SKFRY opened at $28.49 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $27.19 and a two-hundred day simple moving average of $26.02. AB SKF has a 12-month low of $15.86 and a 12-month high of $29.27. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.89 and a beta of 1.15.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.41 billion. AB SKF had a net margin of 4.20% and a return on equity of 14.27%. On average, research analysts anticipate 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.