Brokerages Set AB SKF (OTCMKTS:SKFRY) Target Price at $19.00

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.00.

A number of research analysts have weighed in on SKFRY shares. ValuEngine raised shares of AB SKF from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Deutsche Bank lowered shares of AB SKF from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research lowered shares of AB SKF from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. BNP Paribas raised shares of AB SKF from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, Bank of America lowered shares of AB SKF from a “neutral” rating to an “underperform” rating in a research report on Friday, July 5th.

AB SKF stock opened at $16.75 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 4.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 2.21. AB SKF has a fifty-two week low of $13.78 and a fifty-two week high of $20.66. The stock’s fifty day moving average price is $16.93.

AB SKF (OTCMKTS:SKFRY) last released its earnings results on Thursday, April 25th. The industrial products company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The firm had revenue of $2.32 billion during the quarter. AB SKF had a net margin of 8.43% and a return on equity of 21.25%. Analysts forecast that AB SKF will post 1.43 earnings per share 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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