AB SKF (OTCMKTS:SKFRY) Rating Increased to Hold at ValuEngine
<p style="text-align:center;">
<img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180821/20180821153556_15226.jpg" alt="" />
</p>
<p>
AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at ValuEngine from a ¡°sell¡± rating to a ¡°hold¡± rating in a research note issued to investors on Thursday, July 26th.
</p>
SKFRY has been the subject of a number of other research reports. Zacks Investment Research downgraded AB SKF from a ¡°buy¡± rating to a ¡°sell¡± rating in a research report on Thursday, June 28th. Deutsche Bank upgraded AB SKF from a ¡°hold¡± rating to a ¡°buy¡± rating in a research report on Wednesday, April 11th. Two investment 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. The company presently has a consensus rating of ¡°Hold¡± and a consensus target price of $23.00.<br />
Shares of AB SKF stock traded up $0.06 during trading hours on Thursday, hitting $19.06. 7,765 shares of the company¡¯s stock traded hands, compared to its average volume of 21,881. AB SKF has a 12-month low of $17.83 and a 12-month high of $25.34. The firm has a market cap of $8.89 billion, a PE ratio of 13.52, 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. <br />
AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Thursday, July 19th. The industrial products company reported $0.49 EPS for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. The business had revenue of $2.61 billion during the quarter. equities analysts anticipate that AB SKF will post 1.66 EPS for the current fiscal year. <br />
About AB SKF<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 />
21 Aug,2018