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Zacks.com reported that in a report released on Friday, AB SKF (publ) (OTCMKTS:SKFRY) was upgraded from a "sell" rating to a "hold" rating by Zacks Investment Research.

According to Zacks, “SKF AB is engaged in the manufacture of ball and roller bearings, seals, bearing installation/disassembly tools, lubricants, and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The company is divided into three Individual departments: industrial, service, and automotive. It also provides products and knowledge-based services, including 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."

Several other analysts have recently released reports on the company. Deutsche Bank reissued its “hold” rating on AB SKF (publ) stock in a report on Wednesday, September 29. Morgan Stanley reissued its "overweight" rating on AB SKF (publ) stock in a report on Wednesday, October 27th. DNB Markets downgraded AB SKF (publ) from a "buy" rating to a "hold" rating in a report on Wednesday, October 27th. HSBC upgraded AB SKF (publ) from a "hold" rating to a "buy" rating in a report on Friday, September 3. Finally, Barclays Bank re-issued its “underweight” rating on AB SKF (publ) stock in a report on Tuesday, August 3. Four analysts gave the stock a sell rating, six analysts gave a hold rating, and four analysts issued a buy rating on the company's stock. According to data from MarketBeat.com, the stock’s current average rating is “hold” and the consensus target price is $25.58.

SKFRY stock opened at $24.69 on Friday. The stock's fifty-day simple moving average is $24.34, and its two-hundred-day simple moving average is $25.51. The company's current ratio is 2.33, quick ratio is 1.48, and debt-to-equity ratio is 0.46. The 1-year low of AB SKF is 22.39 USD and the 1-year high is 30.50 USD. The stock market is valued at 11.24 billion U.S. dollars, with a P/E ratio of 13.27, a P/E ratio of 1.08, and a beta of 1.33.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Monday, October 25. The industrial products company reported earnings per share of US$0.47 for the quarter, which was US$0.05 higher than analysts’ consensus estimate of US$0.42. AB SKF (publ) has a return on equity of 20.76% and a net profit margin of 8.91%. As a whole, analysts forecast AB SKF's earnings per share for this fiscal year of 1.83.

AB SKF (publ) company profile

SKF AB is engaged in the manufacture of machinery and rotating equipment. It operates through the industrial and automotive sectors. The industrial sector includes industrial sales in the Americas, industrial sales in Europe and the Middle East and Africa, industrial sales in Asia, industrial sector, bearing business and aerospace.

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