AB SKF (OTCMKTS:SKFRY) Given Average Recommendation of “Reduce” by Analysts

AB SKF (OTCMKTS:SKFRY) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of equities research analysts have issued reports on SKFRY shares. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Rothschild & Co Redburn downgraded shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Zacks Research downgraded shares of AB SKF from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Jefferies Financial Group downgraded shares of AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. Finally, Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th.

AB SKF Trading Up 5.1%

Shares of OTCMKTS:SKFRY opened at $26.20 on Friday. The firm has a fifty day moving average of $25.21 and a two-hundred day moving average of $26.24. The firm has a market capitalization of $11.93 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 1.89 and a beta of 1.18. AB SKF has a 12-month low of $19.91 and a 12-month high of $29.41. The company has a quick ratio of 1.19, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a net margin of 4.23% and a return on equity of 14.05%. On average, equities analysts expect that AB SKF will post 1.84 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.