AB SKF (OTCMKTS:SKFRY) Shares Gap Up – What’s Next?

AB SKF (OTCMKTS:SKFRY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $26.10, but opened at $27.2050. AB SKF shares last traded at $27.0550, with a volume of 391 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SKFRY. Jefferies Financial Group cut shares of AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Zacks Research downgraded shares of AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, AB SKF currently has a consensus rating of “Reduce”.

AB SKF Stock Performance

The firm’s fifty day simple moving average is $25.93 and its 200 day simple moving average is $26.23. The company has a market capitalization of $12.28 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). AB SKF had a net margin of 4.20% and a return on equity of 14.27%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.41 billion. On average, research analysts predict that AB SKF will post 1.51 EPS for the current year.

About AB SKF

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.