AB SKF (publ) (OTCMKTS:SKFRY) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

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AB SKF (publ) (OTCMKTS:SKFRY)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded AB SKF (publ) from a “neutral” rating to an “underweight” rating in a report on Monday, December 7th. Barclays upgraded AB SKF (publ) from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 14th. Berenberg Bank reiterated a “buy” rating on shares of AB SKF (publ) in a report on Friday, October 30th. Morgan Stanley reiterated an “equal weight” rating on shares of AB SKF (publ) in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of AB SKF (publ) in a report on Friday, October 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of OTCMKTS:SKFRY opened at $28.38 on Tuesday. AB SKF has a 1 year low of $11.13 and a 1 year high of $28.48. The company has a market cap of $12.92 billion, a PE ratio of 31.53, a P/E/G ratio of 4.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.28. The stock’s 50-day moving average is $25.90 and its 200 day moving average is $22.02.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. AB SKF (publ) had a return on equity of 13.97% and a net margin of 4.97%. The company had revenue of $2.10 billion for the quarter. Analysts expect that AB SKF will post 0.99 EPS for the current fiscal year.

AB SKF (publ) Company Profile

AB SKF (publ) provides bearings, seals, condition monitoring, and lubrication systems. The company operates in two segments, Industrial and Automotive. It offers products in various categories, such as rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial seals, automotive seals, lubrication management, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, and vehicle aftermarket products.

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Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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