JPMorgan Chase & Co. cut shares of AB SKF (OTCMKTS:SKFRY) from a neutral rating to an underweight rating in a report released on Monday morning, Marketbeat reports.
SKFRY has been the topic of several other research reports. ValuEngine lowered AB SKF from a sell rating to a strong sell rating in a research report on Thursday, October 11th. Barclays lowered AB SKF to a sell rating in a research report on Wednesday, October 3rd. Zacks Investment Research lowered AB SKF from a hold rating to a sell rating in a research report on Wednesday, October 24th. Finally, Jefferies Financial Group lowered AB SKF from a buy rating to a hold rating in a research report on Friday, November 23rd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $22.00.
AB SKF stock opened at $14.91 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 2.25. AB SKF has a 12 month low of $14.48 and a 12 month high of $25.34. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.20 and a beta of 0.75.
AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.37 EPS for the quarter. AB SKF had a return on equity of 21.91% and a net margin of 8.42%. The business had revenue of $2.38 billion for the quarter. Sell-side analysts expect that AB SKF will post 1.54 earnings per share for the current year.
About AB SKF
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.
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