AB SKF (SKFRY) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a report published on Wednesday morning.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of AB SKF from a neutral rating to an underweight rating in a research note on Friday, December 8th. Zacks Investment Research raised shares of AB SKF from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Friday, January 12th.

AB SKF (OTCMKTS SKFRY) opened at $21.00 on Wednesday. AB SKF has a fifty-two week low of $18.76 and a fifty-two week high of $25.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.32 and a quick ratio of 1.37. The company has a market cap of $9,790.03, a PE ratio of 14.89, a PEG ratio of 2.15 and a beta of 0.50.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.50 EPS for the quarter. AB SKF had a net margin of 7.03% and a return on equity of 19.55%. The business had revenue of $2.34 billion during the quarter. analysts anticipate that AB SKF will post 1.64 earnings per share for the current fiscal year.

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About AB SKF

AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company’s segments include Industrial and Automotive.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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