AB SKF (SKFRY) Rating Increased to Buy at Zacks Investment Research

AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $26.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.59% from the stock’s current price.

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 reports. JPMorgan Chase & Co. lowered AB SKF from a “neutral” rating to an “underweight” rating in a research report on Friday, December 8th. ValuEngine raised AB SKF from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Shares of AB SKF (OTCMKTS:SKFRY) opened at $23.51 on Friday. The stock has a market capitalization of $10,705.28, a price-to-earnings ratio of 20.44, a PEG ratio of 1.10 and a beta of 0.37. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. AB SKF has a 52-week low of $18.72 and a 52-week high of $23.52.

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About AB SKF

AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company’s segments include Industrial and Automotive.

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