Sandvik AB (SDVKY) – What Are Analysts Thinking About This Stock?

Shares of Sandvik AB (OTCMKTS:SDVKY – Get Free Report) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages recently issued reports on SDVKY. Morgan Stanley upgraded shares of Sandvik to an “overweight” rating in a research report on Monday, October 19th. BNP Paribas Exane downgraded shares of Sandvik to a “neutral” rating in a research report on Thursday, October 1st. Pareto Securities raised shares of Sandvik from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Berenberg Bank upgraded shares of Sandvik to a “hold” rating in a report on Thursday, August 27th. Finally, Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd.

Check Out Our Latest Report on Sandvik

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sandvik stock. Yousif Capital Management LLC bought a new position in shares of Sandvik AB (OTCMKTS:SDVKY – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,686 shares of the industrial products company’s stock, valued at approximately $214,000. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik Stock Performance

Shares of SDVKY stock opened at $36.03 on Monday. The company has a market cap of $45.20 billion, a P/E ratio of 22.11, a PEG ratio of 0.88 and a beta of 1.51. The business has a 50 day moving average of $37.39 and a two-hundred day moving average of $39.36. Sandvik has a 52 week low of $28.71 and a 52 week high of $44.53. The company has a quick ratio of 0.84, a current ratio of 1.64 and a debt-to-equity ratio of 0.31.

Sandvik (OTCMKTS:SDVKY – Get Free Report) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Sandvik had a return on equity of 20.30% and a net margin of 13.85%. As a group, analysts anticipate that Sandvik will post 1.72 EPS for the current year.

Sandvik Company Profile

(Get Free Report)

Sandvik is a Sweden-based engineering group that develops equipment, tools, services and digital solutions for mining, infrastructure and manufacturing customers. Founded in 1862, the company has a long history in materials and industrial engineering.

Its business includes machinery and systems for mining and rock excavation, equipment and services for processing rock, and metal-cutting tools and tooling systems for industrial manufacturers. Sandvik also provides related aftermarket support and digital solutions, including technologies used in mining and manufacturing operations.

Headquartered in Stockholm, Sandvik serves customers across global markets through its operations and sales network.

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Analyst Recommendations for Sandvik (OTCMKTS:SDVKY)

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