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

Shares of AB SKF (publ) (OTCMKTS:SKFRYGet Rating) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $176.63.

A number of research firms have recently issued reports on SKFRY. Danske cut AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Friday, December 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of AB SKF (publ) from SEK 175 to SEK 165 and set a “hold” rating on the stock in a report on Thursday, November 10th. Nordea Equity Research lowered shares of AB SKF (publ) from a “hold” rating to a “sell” rating in a research report on Wednesday, December 14th. UBS Group lowered AB SKF (publ) from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. Finally, Jefferies Financial Group downgraded AB SKF (publ) from a “hold” rating to an “underperform” rating and set a $123.00 price objective for the company. in a research report on Tuesday, September 27th.

AB SKF (publ) Trading Down 0.2 %

Shares of SKFRY opened at $18.09 on Wednesday. The business has a 50-day moving average of $16.48 and a 200 day moving average of $15.56. The firm has a market cap of $7.71 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. AB SKF has a fifty-two week low of $12.57 and a fifty-two week high of $23.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.29 and a current ratio of 2.22.

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) last announced its earnings results on Tuesday, October 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). The company had revenue of $2.37 billion for the quarter. AB SKF (publ) had a net margin of 5.83% and a return on equity of 12.27%. As a group, research analysts forecast that AB SKF will post 1.27 EPS for the current year.

About AB SKF (publ)

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AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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