AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
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. “
Separately, ValuEngine raised shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. AB SKF currently has a consensus rating of “Hold” and an average target price of $25.00.
Shares of AB SKF (OTCMKTS:SKFRY) opened at 19.71 on Friday. The stock has a market cap of $8.97 billion, a PE ratio of 15.31 and a beta of 0.31. AB SKF has a 52-week low of $16.08 and a 52-week high of $22.30. The company’s 50 day moving average price is $20.12 and its 200 day moving average price is $20.19.
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AB SKF Company Profile
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.
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