AB SKF (OTCMKTS:SKFRY) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a research report report published on Tuesday, Marketbeat Ratings reports.

Separately, Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

AB SKF Price Performance

OTCMKTS SKFRY opened at $24.43 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 0.26. AB SKF has a 1 year low of $15.86 and a 1 year high of $27.59. The company has a market cap of $11.12 billion, a PE ratio of 23.49, a PEG ratio of 2.02 and a beta of 1.20. The stock’s 50-day moving average price is $25.50 and its two-hundred day moving average price is $24.03.

AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. AB SKF had a net margin of 5.07% and a return on equity of 14.37%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, analysts predict that AB SKF will post 1.51 EPS for the current year.

AB SKF Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.