AB SKF (SKFRY) Cut to Sell at Zacks Investment Research

Release Time：12 Jun,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180612/20180612101237_50028.jpg" alt="" /> </p> <p> Zacks Investment Research downgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a sell rating in a research note issued to investors on Friday morning. </p> According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “<br /> A number of other analysts have also issued reports on SKFRY. ValuEngine lowered AB SKF from a hold rating to a sell rating in a report on Tuesday, June 5th. Deutsche Bank raised AB SKF from a hold rating to a buy rating in a report on Wednesday, April 11th. Finally, Berenberg Bank upgraded AB SKF from a sell rating to a hold rating in a research report on Thursday, March 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $24.00.<br /> <p> SKFRY opened at $19.69 on Friday. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. The company has a current ratio of 2.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. AB SKF has a 12-month low of $19.28 and a 12-month high of $25.34. </p> AB SKF (OTCMKTS:SKFRY) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $2.54 billion for the quarter. AB SKF had a return on equity of 19.75% and a net margin of 7.36%. research analysts expect that AB SKF will post 1.65 EPS for the current fiscal year.<br />