AB SKF (OTCMKTS: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 report issued on Friday, January 12th. 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 21.78% from the company’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. “

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of AB SKF from a “neutral” rating to an “underweight” rating in a research report on Friday, December 8th. ValuEngine raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Shares of AB SKF (OTCMKTS SKFRY) traded down $1.45 during midday trading on Friday, hitting $21.35. 9,681 shares of the stock were exchanged, compared to its average volume of 12,687. The stock has a market capitalization of $10,381.39, a P/E ratio of 15.72, a PEG ratio of 1.04 and a beta of 0.50. AB SKF has a 1-year low of $18.76 and a 1-year high of $25.34. 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 (OTCMKTS:SKFRY) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.50 EPS for the quarter. AB SKF had a net margin of 7.03% and a return on equity of 19.55%. The business had revenue of $2.34 billion during the quarter. analysts expect that AB SKF will post 1.57 EPS for the current fiscal year.

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AB SKF Company Profile

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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