NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180814/20180814093720_77637.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, August 1st. The firm currently has $23.00 price objective 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 equities analysts also recently weighed in on the company. Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. ValuEngine upgraded AB SKF from a sell rating to a hold rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. AB SKF currently has a consensus rating of Hold and a consensus target price of $23.00.<br /> <br /> SKFRY stock traded down $0.13 on Wednesday, reaching $19.39. 2,889 shares of the company’s stock were exchanged, compared to its average volume of 15,392. AB SKF has a twelve month low of $17.83 and a twelve month high of $25.34. The firm has a market capitalization of $8.89 billion, a PE ratio of 13.75, a P/E/G ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31.&nbsp;<br /> <br /> AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter. The company had revenue of $2.61 billion for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. equities research analysts expect that AB SKF will post 1.66 earnings per share for the current fiscal year.&nbsp;<br /> <br /> AB SKF Company Profile<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 /> <br />