AB SKF (OTCMKTS:SKFRY) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $22.00 price objective on the industrial products company’s stock.
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. “
A number of other equities research analysts have also recently weighed in on SKFRY. Berenberg Bank restated a buy rating on shares of AB SKF in a research note on Wednesday, June 3rd. Barclays restated an underweight rating on shares of AB SKF in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reiterated a neutral rating on shares of AB SKF in a report on Wednesday, July 22nd. Deutsche Bank reiterated a hold rating on shares of AB SKF in a research note on Thursday, April 30th. Finally, Credit Suisse Group restated an underperform rating on shares of AB SKF in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $22.00.
AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $0.28 EPS for the quarter. AB SKF had a return on equity of 15.09% and a net margin of 6.48%. The firm had revenue of $1.71 billion for the quarter. As a group, analysts forecast that AB SKF will post 0.99 EPS for the current year.
AB SKF Company Profile
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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