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Jefferies Financial Group Lowers AB SKF (SKFRY) to Hold

Jefferies Financial Group Lowers AB SKF (SKFRY) to Hold
Author :Admin | Publish Date:2018-12-05 11:08:27
Jefferies Financial Group downgraded shares of AB SKF (OTCMKTS:SKFRY) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Marketbeat reports.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised AB SKF from a hold rating to a buy rating and set a $22.00 price objective for the company in a research report on Wednesday, September 19th. ValuEngine raised AB SKF from a sell rating to a hold rating in a research report on Thursday, July 26th. Finally, Barclays cut AB SKF to a sell rating in a research report on Wednesday, October 3rd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. AB SKF has a consensus rating of Hold and a consensus target price of $22.00.
Shares of AB SKF stock opened at $15.35 on Friday. AB SKF has a 12-month low of $14.92 and a 12-month high of $25.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.25 and a quick ratio of 1.33. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.33 and a beta of 0.77.
AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.37 earnings per share for the quarter. AB SKF had a return on equity of 21.91% and a net margin of 8.42%. The company had revenue of $2.38 billion during the quarter. As a group, equities analysts predict that AB SKF will post 1.6 EPS for the current fiscal year.
About AB SKF
AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.

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