NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180803/20180803102003_34032.jpg" alt="" /> </p> <p> Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $23.00 target price on the industrial products company’s stock.&nbsp; </p> <br /> 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. “<br /> <br /> Several other analysts have also recently commented on the company. Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a report on Wednesday, April 11th. ValuEngine cut AB SKF from a hold rating to a sell rating in a report on Tuesday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $23.00.<br /> <br /> AB SKF traded down $0.41, reaching $19.89, during mid-day trading on Wednesday, Marketbeat.com reports. The company had a trading volume of 13,001 shares, compared to its average volume of 14,525. The company has a quick ratio of 1.31, a current ratio of 2.17 and a debt-to-equity ratio of 0.49. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.65 and a beta of 0.56. AB SKF has a 52 week low of $17.83 and a 52 week high of $25.34.&nbsp;<br /> <br /> About AB SKF<br /> <br /> AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.<br />