AB SKF (OTCMKTS:SKFRY) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a sell rating in a research report sent to investors on Saturday, ValuEngine reports.

Several other equities analysts also recently commented on the company. Bank of America downgraded AB SKF from a neutral rating to an underperform rating in a research report on Friday. Zacks Investment Research downgraded AB SKF from a hold rating to a sell rating in a research report on Thursday, June 27th. BNP Paribas raised AB SKF from an underperform rating to a neutral rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank downgraded AB SKF from a buy rating to a hold rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Sell and a consensus price target of $22.00.

AB SKF stock opened at $17.15 on Friday. AB SKF has a 12 month low of $13.78 and a 12 month high of $20.66. The company has a 50 day moving average price of $16.87. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.81 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 4.37 and a beta of 1.13.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, April 25th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. AB SKF had a return on equity of 21.25% and a net margin of 8.43%. The company had revenue of $2.32 billion for the quarter. Sell-side analysts predict that AB SKF will post 1.43 EPS for the current year.