Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $19.00 target price on the industrial products company’s stock.
According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “
SKFRY has been the topic of a number of other research reports. Deutsche Bank set a €167.00 ($194.19) price objective on Linde and gave the company a buy rating in a report on Thursday, April 4th. BNP Paribas downgraded shares of Rio Tinto from a neutral rating to an underperform rating in a research report on Wednesday, April 10th. ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a research report on Saturday, July 6th. Finally, Bank of America upgraded shares of Atlas Copco from a neutral rating to a buy rating in a research report on Friday, July 5th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. AB SKF currently has an average rating of Hold and an average target price of $19.00.
Shares of SKFRY opened at $16.37 on Tuesday. AB SKF has a twelve month low of $13.78 and a twelve month high of $20.66. The firm has a 50 day simple moving average of $16.94. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 4.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.21 and a quick ratio of 1.38.
AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data 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. 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, equities analysts predict that AB SKF will post 1.43 EPS 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.
Recommended Story: Stock Symbols and CUSIP Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AB SKF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB SKF and related companies with MarketBeat.com's FREE daily email newsletter.