Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research note released on Wednesday, August 1st. The firm currently has $23.00 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. “



Several other equities analysts also recently weighed in on the company. Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. ValuEngine upgraded AB SKF from a sell rating to a hold rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. AB SKF currently has a consensus rating of Hold and a consensus target price of $23.00.



SKFRY stock traded down $0.13 on Wednesday, reaching $19.39. 2,889 shares of the company’s stock were exchanged, compared to its average volume of 15,392. AB SKF has a twelve month low of $17.83 and a twelve month high of $25.34. The firm has a market capitalization of $8.89 billion, a PE ratio of 13.75, a P/E/G ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31. 



AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter. The company had revenue of $2.61 billion for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. equities research analysts expect that AB SKF will post 1.66 earnings per share for the current fiscal year. 



AB SKF Company Profile



AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.