AB SKF (OTCMKTS:SKFRY) Rating Increased to Strong-Buy at Zacks Research

AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, AB SKF presently has a consensus rating of “Buy”.

AB SKF Trading Up 0.8%

OTCMKTS SKFRY opened at $26.34 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.13 and a current ratio of 1.96. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.89 and a beta of 1.13. The firm has a 50 day simple moving average of $25.60 and a 200-day simple moving average of $24.37. AB SKF has a one year low of $15.86 and a one year high of $27.59.

AB SKF (OTCMKTS:SKFRY) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) 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 14.37%. The company 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 EPS for the current fiscal year.

About AB SKF

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.