AB SKF (publ) (OTCMKTS:SKFRY) has been assigned a $26.16 price target by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has an "underperform" rating on the industrial products company's stock. Credit Suisse Group's price target indicates a potential downside of 1.28% from the company's current price.
A number of other brokerages have also commented on SKFRY. Barclays reaffirmed an "underweight" rating on shares of AB SKF (publ) in a research report on Tuesday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of AB SKF (publ) in a research report on Wednesday. Morgan Stanley lowered shares of AB SKF (publ) from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, May 19th. Zacks Investment Research downgraded shares of AB SKF (publ) from a "buy" rating to a "hold" rating in a research note on Tuesday, July 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating on shares of AB SKF (publ) in a research note on Monday, April 26th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of "Hold" and a consensus target price of $27.58.
AB SKF (publ) stock traded up $0.34 during midday trading on Friday, reaching $26.50. The stock had a trading volume of 16,629 shares, compared to its average volume of 11,538. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.45. AB SKF has a 52-week low of $18.15 and a 52-week high of $30.50. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The stock has a fifty day simple moving average of $26.27.
AB SKF (publ) (OTCMKTS:SKFRY) last issued its earnings results on Thursday, April 22nd. The industrial products company reported $0.49 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.03. The business had revenue of $2.37 billion for the quarter. AB SKF (publ) had a net margin of 8.38% and a return on equity of 21.28%. On average, equities analysts forecast that AB SKF will post 1.79 EPS for the current fiscal year.
About AB SKF (publ)
AB SKF (publ) provides bearings, seals, condition monitoring, and lubrication systems and services. It operates in two segments, Industrial and Automotive. The company offers products in various categories, such as rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial seals, automotive seals, lubrication management, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, and vehicle aftermarket products.
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