AB SKF (OTCMKTS:SKFRY) Receives Average Recommendation of “Reduce” from Analysts

Shares of AB SKF (OTCMKTS:SKFRY) have been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.

Several equities analysts recently commented on the company. The Goldman Sachs Group cut AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Zacks Research cut shares of AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th.

AB SKF Price Performance

SKFRY stock opened at $28.25 on Monday. The firm has a 50 day moving average of $27.30 and a 200-day moving average of $26.11. The firm has a market capitalization of $12.86 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. AB SKF has a 12 month low of $15.86 and a 12 month high of $29.27. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. As a group, sell-side analysts predict that AB SKF will post 1.51 earnings per share for the current fiscal 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.