AB SKF (publ) (OTCMKTS:SKFRY) Receives $153.00 Consensus Target Price from Analysts

Shares of AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $153.00.

SKFRY has been the topic of a number of research reports. Morgan Stanley downgraded AB SKF (publ) from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, December 7th. Danske cut AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Friday, December 9th. HSBC lowered AB SKF (publ) from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. UBS Group lowered AB SKF (publ) from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. Finally, Handelsbanken lowered AB SKF (publ) from an “outperform” rating to a “market perform” rating in a research report on Friday, February 3rd.

AB SKF (publ) Stock Performance

Shares of SKFRY opened at $17.91 on Thursday. The business’s fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $16.41. The company has a current ratio of 2.45, a quick ratio of 1.38 and a debt-to-equity ratio of 0.35. AB SKF has a 12 month low of $12.57 and a 12 month high of $20.76. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.86 and a beta of 1.29.

AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) last issued its earnings results on Thursday, February 2nd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). AB SKF (publ) had a net margin of 4.69% and a return on equity of 11.71%. The business had revenue of $2.37 billion for the quarter. Research analysts anticipate that AB SKF will post 1.35 earnings per share for the current fiscal year.

AB SKF (publ) Company Profile

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SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace.