Posted by admin on May 29th, 2022
AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 38,700 shares, a drop of 31.1% from the April 30th total of 56,200 shares. Based on an average trading volume of 126,100 shares, the days-to-cover ratio is currently 0.3 days.
A number of analysts have commented on SKFRY shares. JPMorgan Chase & Co. reduced their price objective on AB SKF (publ) from SEK 235 to SEK 205 in a research report on Monday, April 11th. DNB Markets upgraded AB SKF (publ) from a “hold” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Monday, February 21st. Danske upgraded AB SKF (publ) from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. They noted that the move was a valuation call. Morgan Stanley cut their target price on AB SKF (publ) from SEK 250 to SEK 210 in a research report on Wednesday, March 16th. Finally, Zacks Investment Research upgraded AB SKF (publ) from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AB SKF (publ) presently has an average rating of “Hold” and an average target price of $189.89.
OTCMKTS SKFRY opened at $17.85 on Friday. The stock has a fifty day moving average of $16.73 and a 200-day moving average of $20.09. The stock has a market capitalization of $7.60 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25. AB SKF has a 52 week low of $15.00 and a 52 week high of $27.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.34 and a current ratio of 2.19.
AB SKF (publ) (OTCMKTS:SKFRY – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. AB SKF (publ) had a return on equity of 17.50% and a net margin of 8.90%. Equities research analysts forecast that AB SKF will post 1.65 earnings per share 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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