Posted by admin on May 24th, 2022
AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “
Several other brokerages have also weighed in on SKFRY. Royal Bank of Canada dropped their target price on AB SKF (publ) from SEK 300 to SEK 250 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Danske raised AB SKF (publ) from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. They noted that the move was a valuation call. Barclays dropped their target price on AB SKF (publ) from SEK 180 to SEK 145 in a research report on Tuesday, April 5th. JPMorgan Chase & Co. dropped their target price on AB SKF (publ) from SEK 235 to SEK 205 in a research report on Monday, April 11th. Finally, DNB Markets upgraded AB SKF (publ) from a “hold” rating to a “buy” rating and set a $245.00 price target for the company in a research note on Monday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $189.89.
OTCMKTS:SKFRY traded down $0.23 during trading hours on Tuesday, hitting $17.32. 36,331 shares of the company’s stock traded hands, compared to its average volume of 74,772. The firm has a market cap of $7.38 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.86 and a beta of 1.25. AB SKF has a twelve month low of $15.00 and a twelve month high of $27.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.34 and a current ratio of 2.19. The stock’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $20.26.
AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) last posted its quarterly earnings results on Monday, April 25th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. AB SKF (publ) had a return on equity of 17.50% and a net margin of 8.90%. On average, equities research analysts predict that AB SKF will post 1.65 earnings per share for the current year.
AB SKF (publ) Company Profile (Get Rating)
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.
Get a free copy of the Zacks research report on AB SKF (publ) (SKFRY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AB SKF (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB SKF (publ) and related companies with MarketBeat.com's FREE daily email newsletter.
Lancaster Colony (LANC) – Research Analysts’ Recent Ratings Changes
Aldeyra Therapeutics, Inc (NASDAQ:ALDX) Receives Consensus Recommendation of “Hold” from Brokerages