AB SKF (OTCMKTS:SKFRY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a report issued on Saturday morning, Zacks.com reports. They currently have $21.00 target price 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. “

Several other research firms also recently weighed in on SKFRY. ValuEngine raised shares of AB SKF from a sell rating to a hold rating in a research note on Tuesday, March 17th. Barclays reaffirmed an underweight rating on shares of AB SKF in a research note on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of AB SKF in a research note on Monday, April 27th. Berenberg Bank reissued a buy rating on shares of AB SKF in a research note on Wednesday, June 3rd. Finally, Deutsche Bank reissued a hold rating on shares of AB SKF in a research note on Thursday, April 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $21.00.

AB SKF stock opened at $18.63 on Friday. The company has a 50 day moving average price of $17.78 and a 200-day moving average price of $17.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 2.07. AB SKF has a fifty-two week low of $11.13 and a fifty-two week high of $21.10. The company has a market capitalization of $8.49 billion, a PE ratio of 14.33, a P/E/G ratio of 3.03 and a beta of 1.32.

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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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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