AB SKF (OTCMKTS:SKFRY) Downgraded by Royal Bank Of Canada to Hold

Royal Bank Of Canada lowered shares of AB SKF (OTCMKTS:SKFRY) from a moderate buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other brokerages also recently issued reports on SKFRY. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Jefferies Financial Group downgraded AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. Rothschild & Co Redburn downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

AB SKF Trading Down 0.5%

AB SKF stock opened at $27.03 on Monday. The firm’s 50-day moving average is $25.91 and its 200-day moving average is $26.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. AB SKF has a 1 year low of $17.49 and a 1 year high of $29.41. The company has a market cap of $12.31 billion, a P/E ratio of 31.43, a PEG ratio of 1.81 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.41 billion. AB SKF had a return on equity of 14.27% and a net margin of 4.20%. On average, equities analysts expect that AB SKF will post 1.84 earnings per share for the current 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.