Zacks Investment Research Upgrades AB SKF (OTCMKTS:SKFRY) to “Buy”

Release Time：22 Aug,2018

<div style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180822/20180822110323_54211.jpg" alt="" style="line-height:1.5;" /><span style="line-height:1.5;"></span> </div> <p> Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research report sent to investors on Wednesday, August 1st. The firm currently has $23.00 target price on the industrial products company’s stock.&nbsp; </p> <p> <br /> </p> <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. “ </p> <p> <br /> </p> <p> A number of other equities research analysts also recently weighed in on SKFRY. ValuEngine downgraded shares of AB SKF from a hold rating to a sell rating in a research report on Tuesday, June 5th. Deutsche Bank upgraded shares of AB SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $23.00. </p> <p> <br /> </p> <p> Shares of OTCMKTS SKFRY opened at $19.06 on Wednesday. AB SKF has a fifty-two week low of $17.83 and a fifty-two week high of $25.34. The stock has a market capitalization of $8.65 billion, a PE ratio of 10.92, a P/E/G ratio of 1.52 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31.&nbsp; </p> <p> <br /> </p> <p> AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Thursday, July 19th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter. AB SKF had a net margin of 8.07% and a return on equity of 21.55%. The business had revenue of $2.61 billion during the quarter. sell-side analysts forecast that AB SKF will post 1.66 EPS for the current fiscal year.&nbsp; </p> <p> <br /> </p> <p> About AB SKF </p> <p> <br /> </p> AB SKF (publ) offers bearings, seals, mechatronics, 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; linear motion systems; actuation systems, screws, and linear guides and tables; 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 steering and suspension products, as well as tools and lubricants.<br /> <br /> <br /> <br /> <br />