AB SKF (SKFRY) Stock Rating Upgraded by Berenberg Bank

Berenberg Bank upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a hold rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other brokerages have also issued reports on SKFRY. Zacks Investment Research raised AB SKF from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Wednesday, February 7th. ValuEngine raised AB SKF from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. downgraded AB SKF from a neutral rating to an underweight rating in a report on Friday, December 8th.

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AB SKF stock opened at $20.77 on Thursday. AB SKF has a 52-week low of $19.21 and a 52-week high of $25.34. The stock has a market capitalization of $9,425.75, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.32 and a quick ratio of 1.37.

AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. AB SKF had a return on equity of 19.55% and a net margin of 7.03%. The company had revenue of $2.34 billion for the quarter. equities research analysts anticipate that AB SKF will post 1.64 earnings per share for the current year.

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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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