AB SKF (OTCMKTS:SKFRY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned an average rating of “Reduce” from the six brokerages that are 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.

Separately, Royal Bank Of Canada cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th.

AB SKF Price Performance

Shares of AB SKF stock opened at $25.79 on Friday. The firm’s 50 day moving average price is $25.64 and its 200-day moving average price is $26.19. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. AB SKF has a 52-week low of $21.37 and a 52-week high of $29.41. The company has a market cap of $11.74 billion, a P/E ratio of 29.31, a PEG ratio of 2.00 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.44 billion. On average, sell-side analysts predict that AB SKF will post 1.8 EPS for the current fiscal year.

AB SKF Company Profile

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.