AB SKF (OTCMKTS:SKFRY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a report released on Wednesday, February 7th. The firm currently has $24.00 price objective on the industrial products company’s stock.

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 several other reports. ValuEngine raised shares of AB SKF from a hold rating to a buy rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. cut shares of AB SKF from a neutral rating to an underweight rating in a report on Friday, December 8th.

AB SKF (SKFRY) traded up $0.02 during mid-day trading on Wednesday, reaching $21.63. The company’s stock had a trading volume of 10,572 shares, compared to its average volume of 18,192. The company has a market cap of $9,835.56, a PE ratio of 15.34, a PEG ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 2.32. AB SKF has a 52-week low of $18.76 and a 52-week high of $25.34.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data 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 company had revenue of $2.34 billion during the quarter. equities analysts expect that AB SKF will post 1.64 earnings per share for the current 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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