Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a research report sent to investors on Wednesday, February 7th. The brokerage currently has $24.00 target price on the industrial products company’s stock.
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. “
Other equities analysts have also issued research reports about the company. ValuEngine raised AB SKF from a hold rating to a buy rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. lowered AB SKF from a neutral rating to an underweight rating in a report on Friday, December 8th.
AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.50 EPS for the quarter. The firm had revenue of $2.34 billion for the quarter. AB SKF had a return on equity of 19.55% and a net margin of 7.03%. equities analysts expect that AB SKF will post 1.64 EPS for the current fiscal year.
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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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