AB SKF (OTCMKTS:SKFRY) Cut to “Moderate Sell” at Jefferies Financial Group

AB SKF (OTCMKTS:SKFRY) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a research note issued on Sunday,Zacks.com reports.

SKFRY has been the topic of several other research reports. Rothschild Redb lowered AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, BNP Paribas Exane upgraded shares of AB SKF to a “hold” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

AB SKF Price Performance

Shares of SKFRY opened at $28.33 on Friday. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.87 and a beta of 1.13. The firm’s fifty day simple moving average is $26.59 and its 200-day simple moving average is $25.63. AB SKF has a twelve month low of $15.86 and a twelve month high of $28.35. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. AB SKF had a return on equity of 14.26% and a net margin of 5.07%.The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.29 billion. Equities analysts forecast that AB SKF will post 1.51 EPS for the current fiscal year.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.