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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) was downgraded by stock analysts at Nordea Equity Research from a "buy" rating to a "hold" rating in a report released on Friday, The Fly reports.

A number of other analysts have also recently commented on SKFRY. Morgan Stanley dropped their price target on AB SKF (publ) from SEK 215 to SEK 196 in a research report on Friday, July 22nd. Barclays cut their target price on AB SKF (publ) from SEK 145 to SEK 130 and set an "underweight" rating on the stock in a research note on Friday, July 1st. Jefferies Financial Group lowered AB SKF (publ) from a "hold" rating to an "underperform" rating and set a $123.00 price target for the company. in a research report on Tuesday. Finally, Credit Suisse Group dropped their price target on shares of AB SKF (publ) from SEK 160 to SEK 150 and set an "underperform" rating on the stock in a research note on Thursday, July 21st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AB SKF (publ) has a consensus rating of "Hold" and a consensus price target of $196.00.AB SKF (publ) Stock Performance

Shares of SKFRY stock opened at $13.19 on Friday. The company's fifty day moving average price is $15.06 and its 200-day moving average price is $16.06. The stock has a market cap of $5.62 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.38 and a beta of 1.33. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. AB SKF has a 12 month low of $12.57 and a 12 month high of $26.20.

AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $2.41 billion during the quarter. AB SKF (publ) had a net margin of 6.88% and a return on equity of 14.26%. On average, equities analysts expect that AB SKF will post 1.42 EPS for the current fiscal year. About AB SKF (publ) (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.See AlsoGet a free copy of the StockNews.com research report on AB SKF (publ) (SKFRY)Thor Industries Hammers Out A BottomDeclining Profits Challenge the CarMax Value Proposition Let Paychex Stock Work Hard For You How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?Are Smucker & Hostess Buys As Consumers Focus On Food Purchases?

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