Zacks Investment Research upgraded shares of SKF (OTCMKTS:SKFRY) from a sell rating to a hold rating in a research report sent to investors on Wednesday, May 2nd. 

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. “

Several other analysts also recently commented on the stock. Deutsche Bank raised shares of SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. ValuEngine cut SKF from a buy rating to a hold rating in a report on Monday, April 2nd. Finally, Berenberg Bank upgraded SKF from a sell rating to a hold rating in a report on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. SKF has a consensus rating of Hold and an average price target of $24.00.

OTCMKTS:SKFRY opened at $21.58 on Wednesday. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.68 and a beta of 0.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.09 and a quick ratio of 1.25. SKF has a fifty-two week low of $19.28 and a fifty-two week high of $25.34. 

SKF (OTCMKTS:SKFRY) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.47 earnings per share for the quarter. The business had revenue of $2.54 billion during the quarter. SKF had a net margin of 7.36% and a return on equity of 20.81%. sell-side analysts expect that SKF will post 1.67 EPS for the current year.