AB SKF (SKFRY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of AB SKF (NASDAQ:SKFRY) from a strong sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising 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. “

Separately, Jefferies Group lowered AB SKF from a buy rating to a hold rating in a research report on Tuesday, July 26th.

AB SKF (NASDAQ:SKFRY) opened at 17.204 on Wednesday. The company has a market cap of $7.83 billion and a P/E ratio of 23.697. The stock’s 50 day moving average price is $16.77 and its 200 day moving average price is $16.99. AB SKF has a 1-year low of $14.25 and a 1-year high of $20.10.

AB SKF Company Profile

AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company operates through three business areas: Industrial Market, Automotive Market and Specialty Business.

5 Day Chart for NASDAQ:SKFRY

Get a free copy of the Zacks research report on AB SKF (SKFRY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AB SKF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB SKF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.