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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) had its price target dropped by analysts at Barclays from SEK 145 to SEK 130 in a research note issued to investors on Friday, The Fly reports. The firm currently has an "underweight" rating on the industrial products company's stock.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of AB SKF (publ) from SEK 235 to SEK 205 in a research note on Monday, April 11th. Credit Suisse Group lowered their target price on shares of AB SKF (publ) from SEK 180 to SEK 160 and set an "underperform" rating for the company in a research note on Wednesday, April 27th. Morgan Stanley decreased their price target on shares of AB SKF (publ) from SEK 250 to SEK 210 in a report on Wednesday, March 16th. UBS Group upgraded shares of AB SKF (publ) from a "sell" rating to a "neutral" rating in a report on Thursday, March 17th. Finally, Danske upgraded shares of AB SKF (publ) from a "hold" rating to a "buy" rating in a report on Friday, May 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $208.13.

Shares of SKFRY traded down $0.49 during mid-day trading on Friday, reaching $14.68. 35,070 shares of the company's stock were exchanged, compared to its average volume of 70,741. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $16.83 and a two-hundred day simple moving average of $18.96. AB SKF has a 52-week low of $14.42 and a 52-week high of $27.12. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 2.43 and a beta of 1.25.

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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) last released its earnings results on Tuesday, April 26th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. The firm had revenue of $2.46 billion during the quarter. AB SKF (publ) had a net margin of 8.90% and a return on equity of 17.51%. As a group, equities research analysts predict that AB SKF will post 1.65 EPS for the current fiscal year.

AB SKF (publ) Company Profile (Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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