NEWS

AB SKF (SKFRY) Downgraded by Jefferies Financial Group to Hold

AB SKF (OTCMKTS:SKFRY) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, November 23rd, MarketBeat reports. <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20181203/20181203093927_55225.jpg" /> SKFRY has been the topic of a number of other research reports. ValuEngine cut shares of AB SKF from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. Barclays cut shares of AB SKF to a “sell” rating in a report on Wednesday, October 3rd. Finally, Zacks Investment Research cut shares of AB SKF from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.00. Shares of AB SKF stock opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.25 and a quick ratio of 1.33. AB SKF has a 1 year low of $14.92 and a 1 year high of $25.34. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.25 and a beta of 0.77. AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $2.38 billion for the quarter. AB SKF had a net margin of 8.42% and a return on equity of 21.91%. Equities research analysts predict that AB SKF will post 1.54 earnings per share for the current fiscal year. AB SKF Company Profile 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.

03 Dec,2018