AB SKF (SKFRY) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

SKFRY has been the topic of several other research reports. JPMorgan Chase & Co. cut shares of AB SKF from a neutral rating to an underweight rating in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of AB SKF from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Friday, January 12th. Finally, Berenberg Bank upgraded shares of AB SKF from a sell rating to a hold rating in a research note on Thursday, March 22nd.

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AB SKF (OTCMKTS:SKFRY) opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 2.32. The stock has a market cap of $9,457.62, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. AB SKF has a one year low of $19.21 and a one year high of $25.34.

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

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