Zacks Investment Research lowered shares of AB SKF (OTCMKTS:SKFRY) from a buy rating to a hold rating in a report published on Saturday.

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 raised shares of AB SKF from a hold rating to a buy rating in a research report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. AB SKF has an average rating of Hold and a consensus target price of $24.00.

AB SKF (SKFRY) opened at 21.94 on Friday. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 16.57 and a beta of 0.31. AB SKF has a one year low of $16.13 and a one year high of $22.30. The firm has a 50-day moving average price of $20.41 and a 200 day moving average price of $20.46.

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AB SKF Company Profile

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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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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