AB SKF (SKFRY) Rating Grow to Hold at Zacks Investment Research

AB SKF (SKFRY) Rating Grow to Hold at Zacks Investment Research

AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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. “

SKFRY has been the topic of a number of other research reports. Morgan Stanley lowered shares of AB SKF from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 13th. Societe Generale raised shares of AB SKF from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Royal Bank of Canada raised shares of AB SKF from an “underperform” rating to a “sector perform” rating in a report on Wednesday, January 25th. Finally, Barclays PLC lowered shares of AB SKF from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. AB SKF presently has an average rating of “Hold” and a consensus price target of $20.00.

AB SKF (OTCMKTS:SKFRY) opened at 19.85 on Friday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 20.03 and a beta of 0.58. The stock’s 50 day moving average is $19.63 and its 200-day moving average is $18.28. AB SKF has a one year low of $14.88 and a one year high of $20.63.

AB SKF Company Profile

AB SKF is a Sweden-based company that operates as 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.

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