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, Zacks.com reports. They currently have $19.00 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. “
A number of other brokerages have also issued reports on SKFRY. Bank of America upgraded shares of Atlas Copco from a neutral rating to a buy rating in a research note on Friday, July 5th. BNP Paribas lowered shares of Rio Tinto from a neutral rating to an underperform rating in a research note on Wednesday, April 10th. ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th. Finally, Deutsche Bank set a €167.00 ($194.19) target price on shares of Linde and gave the company a buy rating in a research note on Thursday, April 4th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. AB SKF currently has a consensus rating of Hold and a consensus price target of $19.00.
AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. AB SKF had a net margin of 8.43% and a return on equity of 21.25%. The firm had revenue of $2.32 billion for the quarter. Research analysts predict that AB SKF will post 1.43 EPS for the current fiscal 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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