Sandvik AB (OTCMKTS:SDVKY) Receives Average Rating of “Moderate Buy” from Analysts

Sandvik AB (OTCMKTS:SDVKYGet Free Report) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research analysts have issued reports on SDVKY shares. Barclays reiterated an “overweight” rating on shares of Sandvik in a research report on Wednesday, February 25th. Morgan Stanley lowered Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. Zacks Research raised shares of Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Nordea Equity Research raised shares of Sandvik to a “hold” rating in a report on Wednesday, April 15th.

Read Our Latest Stock Report on SDVKY

Sandvik Trading Up 3.9%

Sandvik stock opened at $39.46 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.96 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $40.96 and a two-hundred day moving average price of $38.15. The firm has a market capitalization of $49.50 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.16 and a beta of 1.50. Sandvik has a 52-week low of $21.32 and a 52-week high of $44.53.

Sandvik (OTCMKTS:SDVKYGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 16.92% and a net margin of 12.16%. Sell-side analysts expect that Sandvik will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC boosted its position in Sandvik AB (OTCMKTS:SDVKYFree Report) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,704 shares of the industrial products company’s stock after purchasing an additional 1,298 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 as of its most recent SEC filing. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik Company Profile

(Get Free Report)

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.

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Analyst Recommendations for Sandvik (OTCMKTS:SDVKY)

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