AB SKF (OTCMKTS:SKFRY) Downgraded to Strong Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of AB SKF (OTCMKTS:SKFRY) from a strong-buy rating to a strong sell rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the company. BNP Paribas raised AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research downgraded shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, AB SKF currently has a consensus rating of “Hold”.

AB SKF Price Performance

SKFRY stock opened at $26.42 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The firm has a 50 day moving average price of $26.37 and a 200-day moving average price of $25.49. AB SKF has a 52-week low of $15.86 and a 52-week high of $27.97. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.84 and a beta of 1.13.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.29 billion. AB SKF had a return on equity of 14.26% and a net margin of 5.07%. Equities research analysts forecast that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.