AB SKF (OTCMKTS:SKFRY) Lowered to Sell at ValuEngine

AB SKF (OTCMKTS:SKFRY) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, May 7th, ValuEngine reports.

SKFRY has been the subject of a number of other reports. Zacks Investment Research raised AB SKF from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. BNP Paribas raised AB SKF from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 10th. Jefferies Financial Group lowered AB SKF from a “hold” rating to an “underperform” rating in a research report on Thursday, January 31st. Finally, Deutsche Bank downgraded AB SKF from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus price target of $22.00.

Shares of SKFRY stock traded down $0.25 on Tuesday, reaching $15.46. 17,462 shares of the company’s stock were exchanged, compared to its average volume of 33,576. The firm has a market capitalization of $7.04 billion, a P/E ratio of 8.40, a P/E/G ratio of 4.09 and a beta of 0.90. AB SKF has a 52 week low of $13.78 and a 52 week high of $20.66.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Thursday, April 25th. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $2.32 billion during the quarter. AB SKF had a return on equity of 20.62% and a net margin of 8.43%. On average, equities research analysts anticipate that AB SKF will post 1.38 earnings per share for the current fiscal year.

About AB SKF

AB SKF (publ) offers bearings, seals, 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; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; 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 suspension products.

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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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