AB SKF (SKFRY) Upgraded by BNP Paribas to “Neutral”

AB SKF (OTCMKTS:SKFRY) was upgraded by investment analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, April 10th, Briefing.com Automated Import reports.

SKFRY has been the subject of a number of other reports. ValuEngine raised shares of AB SKF from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 18th. Zacks Investment Research upgraded shares of AB SKF from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group downgraded shares of AB SKF from a “hold” rating to an “underperform” rating in a research note on Thursday, January 31st. Finally, Deutsche Bank downgraded shares of AB SKF from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. AB SKF currently has a consensus rating of “Sell” and a consensus price target of $22.00.

Shares of AB SKF stock traded up $0.07 on Wednesday, hitting $18.10. 5,074 shares of the company’s stock traded hands, compared to its average volume of 38,524. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 4.90 and a beta of 0.89. AB SKF has a one year low of $13.78 and a one year high of $21.86.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. AB SKF had a net margin of 8.43% and a return on equity of 21.25%. The business had revenue of $2.32 billion during the quarter. On average, research analysts forecast that AB SKF will post 1.38 earnings per share for the current fiscal year.

About AB SKF

AB SKF (publ) offers bearings, seals, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and suspension products.

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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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