OTCMKTS:SKFRY

AB SKF (publ) (SKFRY) Stock Forecast, Price & News

$17.58

+0.01 (+0.06%)

(As of 06/9/2023 ET)

Compare

Today's Range: $17.57
▼
$17.62
50-Day Range: $15.89
▼
$19.80
52-Week Range: $12.57
▼
$20.76

Volume: 8,637 shs
Average Volume: 15,511 shs
Market Capitalization: $8.01 billion

P/E Ratio: 18.31
Dividend Yield: 3.24%
Price Target: $124.33

Profile Analyst Ratings Chart Competitors Earnings Headlines Short Interest

AB SKF (publ) MarketRank™ Forecast

Analyst Rating: Hold
1.64 Rating Score
Upside/Downside: 715.3% Upside
$143.33 Price Target
Short Interest: Healthy
0.00% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 4.08%
From $1.47 to $1.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

2.8

Analyst's Opinion

Consensus Rating
AB SKF (publ) has received a consensus rating of Hold. The company's average rating score is 1.64, and is based on 2 buy ratings, 3 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $143.33, AB SKF (publ) has a forecasted upside of 715.3% from its current price of $17.58.
Amount of Analyst Coverage
AB SKF (publ) has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.00% of the outstanding shares of AB SKF (publ) have been sold short.
Short Interest Ratio / Days to Cover
AB SKF (publ) has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AB SKF (publ) has recently increased by 137.50%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
AB SKF (publ) pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
AB SKF (publ) does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of AB SKF (publ) is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, AB SKF (publ) will have a dividend payout ratio of 37.25% next year. This indicates that AB SKF (publ) will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKFRY.

2.3

News and Social Media Coverage

News Sentiment
AB SKF (publ) has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for AB SKF (publ) this week, compared to 1 article on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AB SKF (publ) insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.02% of the stock of AB SKF (publ) is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for AB SKF (publ) are expected to grow by 4.08% in the coming year, from $1.47 to $1.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AB SKF (publ) is 18.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of AB SKF (publ) is 18.31, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.23.
Price to Book Value per Share Ratio
AB SKF (publ) has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About AB SKF (publ) (OTCMKTS:SKFRY) Stock

SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace. The Automotive segment provides a range of products, solutions, and services to manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. The company offers bearings, seals, lubrication management, condition monitoring, and maintenance services. Its products are used in other variety of rotating applications, such as wind and ocean power, to heavy industries like mining, metal, and pulp and paper; and commercial vehicles such as bicycles, skateboards; and household appliances. SKF was founded by Sven Wingquist on February 16, 1907 and is headquartered in Gothenburg, Sweden.

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SKFRY Stock News Headlines

June 9, 2023 | finance.yahoo.com

SKF to phase out its own fossil gas use with a SEK 3 billion decarbonization investment frame

June 2, 2023 | americanbankingnews.com

Analysts Set AB SKF (publ) (OTCMKTS:SKFRY) Target Price at $137.00

June 10, 2023 | Behind the Markets (Ad)

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June 1, 2023 | finance.yahoo.com

SKF establishes global Product Category Rules for bearings to quantify environmental impact

May 31, 2023 | reuters.com

Sweden's SKF to close Luton plant, hitting 300 jobs

May 31, 2023 | finance.yahoo.com

SKF consolidates manufacturing in Europe, proposes to close factory in Luton

May 25, 2023 | finance.yahoo.com

SKF announces changes to Group Management to further strengthen its commercial focus

May 22, 2023 | msn.com

SKF to park money in magnetic bearing manufacturing

June 10, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

May 22, 2023 | finance.yahoo.com

SKF invests in magnetic bearing manufacturing to meet increasing demand

May 18, 2023 | americanbankingnews.com

AB SKF (publ) (OTCMKTS:SKFRY) Shares Pass Below 50 Day Moving Average of $18.56

May 17, 2023 | finance.yahoo.com

SKFRY vs. ESAB: Which Stock Is the Better Value Option?

May 17, 2023 | finance.yahoo.com

SKF and Wolong cooperate to increase competitiveness in electric drive products

May 8, 2023 | americanbankingnews.com

AB SKF (publ) (OTCMKTS:SKFRY) Receives $137.00 Consensus Target Price from Analysts

April 28, 2023 | finance.yahoo.com

AB SKF (SKFRY) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

April 26, 2023 | msn.com

Earnings Outlook For SKF

April 26, 2023 | finance.yahoo.com

SKF joins forces with CAKE to implement bearings with lowest possible carbon emissions

April 19, 2023 | seekingalpha.com

SKFRY AB SKF (publ)

April 15, 2023 | americanbankingnews.com

AB SKF (publ) (OTCMKTS:SKFRY) Upgraded to "Buy" at Deutsche Bank Aktiengesellschaft

April 14, 2023 | finance.yahoo.com

SKF first quarter results to be published on 27 April

April 13, 2023 | msn.com

AB SKF (SKFRY) Is Attractively Priced Despite Fast-paced Momentum

April 13, 2023 | americanbankingnews.com

Brokerages Set AB SKF (publ) (OTCMKTS:SKFRY) Target Price at $153.00

April 12, 2023 | finance.yahoo.com

SKF extends involvement in Gothia Cup, which this year attracts a record number of teams

April 7, 2023 | finance.yahoo.com

Here's Why AB SKF (SKFRY) Is a Great 'Buy the Bottom' Stock Now

March 1, 2023 | finance.yahoo.com

SKF Annual Report 2022 published online; major milestone reached for own renewable energy use

February 15, 2023 | prnewswire.com

Bearings market size set to increase by USD 13,022.13 million from 2022 to 2027: Growth opportunities led by AB SKF, ASAHI SEIKO Co. Ltd., and Bharat Forge Ltd. - Technavio

December 15, 2022 | finance.yahoo.com

SKF awarded top sustainability ratings

See More Headlines

SKFRY Price History

30 days | 90 days | 365 days | Advanced Chart

SKFRY Company Calendar

Last Earnings: 4/27/2023
Today: 6/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Ball & roller bearings
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: OTCMKTS:SKFRY
CUSIP: N/A
CIK: N/A
Web: www.skf.com
Phone: (631) 337-1000
Fax: 46-3-133-728-32
Employees: 47,724
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $143.33
High Stock Price Forecast: $175.00
Low Stock Price Forecast: $115.00
Forecasted Upside/Downside: +607.2%
Consensus Rating: Hold
Rating Score (0-4): 1.64
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.96
Trailing P/E Ratio: 18.31
Forward P/E Ratio: 11.96
P/E Growth: N/A
Net Income: $442.88 million
Net Margins: 4.50%
Pretax Margin: 7.52%
Return on Equity: 11.23%
Return on Assets: 5.41%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 2.45
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $9.61 billion
Price / Sales: 0.83
Cash Flow: $2.39 per share
Price / Cash Flow: 7.35
Book Value: $12.57 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 455,350,000
Free Float: N/A
Market Cap: $8.01 billion
Optionable: Not Optionable
Beta: 1.31

Key Executives

Rickard Gustafson
President, Chief Executive Officer & Director

Joakim Landholm
Senior Vice President-Operations

Niclas Rosenlew
Chief Financial Officer & Senior Vice President

Annika Ölme
Chief Technology Officer

Andrew Bell
Chief Technology Officer & Senior Vice President

Key Competitors

View All Competitors

SKFRY Stock - Frequently Asked Questions

Should I buy or sell AB SKF (publ) stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AB SKF (publ) in the last twelve months. There are currently 6 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKFRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKFRY, but not buy additional shares or sell existing shares.
View SKFRY analyst ratings or view top-rated stocks.
What is AB SKF (publ)'s stock price forecast for 2023?: 11 analysts have issued 1-year price targets for AB SKF (publ)'s shares. Their SKFRY share price forecasts range from $115.00 to $175.00. On average, they predict the company's stock price to reach $143.33 in the next twelve months. This suggests a possible upside of 715.3% from the stock's current price.
View analysts price targets for SKFRY or view top-rated stocks among Wall Street analysts.
How have SKFRY shares performed in 2023?: AB SKF (publ)'s stock was trading at $15.2550 at the start of the year. Since then, SKFRY shares have increased by 15.2% and is now trading at $17.58.
View the best growth stocks for 2023 here.
Are investors shorting AB SKF (publ)?: AB SKF (publ) saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,500 shares, an increase of 137.5% from the April 30th total of 4,000 shares. Based on an average trading volume of 14,700 shares, the short-interest ratio is presently 0.6 days.
View AB SKF (publ)'s Short Interest.
How were AB SKF (publ)'s earnings last quarter?: AB SKF (publ) (OTCMKTS:SKFRY) announced its earnings results on Thursday, April, 27th. The industrial products company reported $0.46 earnings per share for the quarter. The industrial products company earned $2.54 billion during the quarter. AB SKF (publ) had a trailing twelve-month return on equity of 11.23% and a net margin of 4.50%.
Is AB SKF (publ) a good dividend stock?: AB SKF (publ) (OTCMKTS:SKFRY) pays an annual dividend of $0.57 per share and currently has a dividend yield of 3.34%. The dividend payout ratio is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SKFRY will have a dividend payout ratio of 37.25% next year. This indicates that the company will be able to sustain or increase its dividend.

What is AB SKF (publ)'s stock symbol?: AB SKF (publ) trades on the OTCMKTS under the ticker symbol "SKFRY."
How do I buy shares of AB SKF (publ)?: Shares of SKFRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is AB SKF (publ)'s stock price today?: One share of SKFRY stock can currently be purchased for approximately $17.58.
How much money does AB SKF (publ) make?: AB SKF (publ) (OTCMKTS:SKFRY) has a market capitalization of $8.01 billion and generates $9.61 billion in revenue each year. The industrial products company earns $442.88 million in net income (profit) each year or $0.96 on an earnings per share basis.
How many employees does AB SKF (publ) have?: The company employs 47,724 workers across the globe.
How can I contact AB SKF (publ)?: AB SKF (publ)'s mailing address is SE-415 50 HORNSGATEN 1, GOTHENBURG V7, 415 50. The official website for the company is www.skf.com. The industrial products company can be reached via phone at (631) 337-1000, via email at patrik.stenberg@skf.com, or via fax at 46-3-133-728-32.

This page (OTCMKTS:SKFRY) was last updated on 6/10/2023 by MarketBeat.com Staff

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