AB SKF (OTCMKTS:SKFRY) Given Consensus Rating of “Hold” by Analysts

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.

A number of research analysts have commented on the company. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd.

AB SKF Price Performance

Shares of OTCMKTS SKFRY opened at $27.17 on Monday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.19 and a quick ratio of 1.30. AB SKF has a 1-year low of $22.26 and a 1-year high of $29.41. The business has a 50-day moving average of $26.44 and a 200-day moving average of $26.15.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. On average, equities analysts anticipate that AB SKF will post 1.81 EPS for the current fiscal year.

AB SKF Company Profile

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.