AB SKF (OTCMKTS:SKFRY) Downgraded to Hold Rating by Rothschild Redb

AB SKF (OTCMKTS:SKFRY) was downgraded by research analysts at Rothschild Redb from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Zacks Research cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, BNP Paribas Exane upgraded shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

AB SKF Stock Performance

OTCMKTS:SKFRY opened at $27.22 on Wednesday. The stock’s 50-day moving average is $26.41 and its 200-day moving average is $25.51. AB SKF has a 1-year low of $15.86 and a 1-year high of $27.97. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock has a market cap of $12.39 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.29 billion. Equities research analysts anticipate that AB SKF will post 1.51 earnings per share for the current year.

About AB SKF

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.