AB SKF (OTCMKTS:SKFRY) Cut to Strong Sell at Zacks Research

AB SKF (OTCMKTS:SKFRY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. BNP Paribas Exane raised shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group cut shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group cut shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Finally, Rothschild & Co Redburn downgraded shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

AB SKF Trading Up 1.4%

Shares of SKFRY stock opened at $28.98 on Tuesday. AB SKF has a fifty-two week low of $15.86 and a fifty-two week high of $29.01. The stock’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $25.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The company has a market cap of $13.19 billion, a PE ratio of 33.69, a P/E/G ratio of 1.89 and a beta of 1.15.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 14.25% and a net margin of 4.20%. Equities analysts predict 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.