Zacks: AB SKF (SKFRY) Receives Consensus Rating of “Buy” from Brokerages

AB SKF (NASDAQ:SKFRY) has received a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. AB SKF’s rating score has declined by 16.5% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $17.42 for the company, according to Zacks. Zacks has also given AB SKF an industry rank of 98 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently weighed in on SKFRY shares. Zacks Investment Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Jefferies Group lowered shares of AB SKF from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.

AB SKF (NASDAQ:SKFRY) traded up 1.271% during midday trading on Friday, reaching $16.574. 1,398 shares of the company’s stock traded hands. AB SKF has a 52-week low of $14.25 and a 52-week high of $18.87. The firm’s 50-day moving average is $16.76 and its 200 day moving average is $16.97. The firm has a market cap of $7.55 billion and a PE ratio of 22.956.

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

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