Barclays upgraded shares of AB SKF (OTCMKTS:SKFRY) from an underweight rating to an equal weight rating in a research report released on Wednesday, The Fly reports.

A number of other brokerages have also recently commented on SKFRY. Zacks Investment Research cut shares of AB SKF from a buy rating to a hold rating in a research note on Wednesday, August 19th. Credit Suisse Group reiterated an underperform rating on shares of AB SKF in a research note on Wednesday, July 22nd. ValuEngine upgraded shares of AB SKF from a sell rating to a hold rating in a research note on Wednesday, August 12th. UBS Group restated a sell rating on shares of AB SKF in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of AB SKF in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. AB SKF currently has a consensus rating of Hold and an average price target of $22.00.

Shares of SKFRY stock opened at $21.59 on Wednesday. The firm has a fifty day moving average of $20.90 and a 200-day moving average of $18.30. The company has a quick ratio of 1.28, a current ratio of 2.04 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 $22.17. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 3.90 and a beta of 1.34.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion during the quarter. AB SKF had a net margin of 4.97% and a return on equity of 13.97%. On average, equities analysts expect that AB SKF will post 0.99 EPS for the current 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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