Several other brokerages have also commented on SKFRY. Zacks Investment Research lowered AB SKF from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. BNP Paribas upgraded AB SKF from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 10th. Deutsche Bank lowered AB SKF from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group lowered AB SKF from a “hold” rating to an “underperform” rating in a research report on Thursday, January 31st. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $22.00.
Shares of AB SKF stock opened at $17.68 on Tuesday. AB SKF has a one year low of $13.78 and a one year high of $21.86. The stock has a market cap of $8.24 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 4.75 and a beta of 0.90.
AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Thursday, April 25th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. AB SKF had a return on equity of 21.25% and a net margin of 8.43%. The company had revenue of $2.32 billion for the quarter. On average, research analysts forecast that AB SKF will post 1.38 earnings per share for the current 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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