AB SKF (SKFRY) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of AB SKF (OTCMKTS:SKFRY) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
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. “
Separately, ValuEngine upgraded shares of AB SKF from a hold rating to a buy rating in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $22.00.
AB SKF (OTCMKTS:SKFRY) opened at 19.89 on Friday. The stock has a market cap of $9.06 billion, a P/E ratio of 15.45 and a beta of 0.31. AB SKF has a 12-month low of $16.08 and a 12-month high of $22.30. The firm’s 50 day moving average price is $20.11 and its 200-day moving average price is $20.20.
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About AB SKF
AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company’s segments include Industrial and Automotive.
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