AB SKF (publ) (OTCMKTS:SKFRY) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

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AB SKF (publ) (OTCMKTS:SKFRY)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, The Fly reports.

Several other analysts also recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating on shares of AB SKF (publ) in a research note on Wednesday, October 28th. Barclays raised shares of AB SKF (publ) from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. downgraded shares of AB SKF (publ) from a “neutral” rating to an “underweight” rating in a research note on Monday, December 7th. Berenberg Bank reissued a “buy” rating on shares of AB SKF (publ) in a research note on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of AB SKF (publ) in a research note on Friday, October 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.00.

Shares of OTCMKTS:SKFRY opened at $28.38 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.28 and a debt-to-equity ratio of 0.43. AB SKF has a 12 month low of $11.13 and a 12 month high of $28.48. The company has a 50-day moving average price of $25.90 and a 200 day moving average price of $22.02. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 4.15 and a beta of 1.30.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.18. AB SKF (publ) had a net margin of 4.97% and a return on equity of 13.97%. The firm had revenue of $2.10 billion during the quarter. As a group, equities analysts forecast that AB SKF will post 0.99 EPS for the current year.

AB SKF (publ) Company Profile

AB SKF (publ) provides bearings, seals, condition monitoring, and lubrication systems. The company operates in two segments, Industrial and Automotive. It offers products in various categories, such as rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial seals, automotive seals, lubrication management, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, and vehicle aftermarket products.

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Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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