AB SKF (OTCMKTS:SKFRY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned an average rating of “Reduce” from the six analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company.

A number of analysts have recently commented on SKFRY shares. 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. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Rothschild & Co Redburn lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th.

AB SKF Stock Up 1.2%

SKFRY stock opened at $25.79 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. AB SKF has a one year low of $20.25 and a one year high of $29.41. The firm’s fifty day moving average is $25.14 and its 200 day moving average is $26.24. The firm has a market cap of $11.74 billion, a PE ratio of 29.31, a P/E/G ratio of 1.93 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a return on equity of 14.05% and a net margin of 4.23%. On average, research analysts forecast that AB SKF will post 1.84 EPS for the current 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.