Sandvik AB (OTCMKTS:SDVKY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Monday, December 8th. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays reissued an “overweight” rating on shares of Sandvik in a research note on Wednesday, December 3rd. Pareto Securities downgraded shares of Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Finally, Rothschild Redb raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st.

Institutional Investors Weigh In On Sandvik

Several hedge funds have recently added to or reduced their stakes in SDVKY. Salomon & Ludwin LLC raised its holdings in shares of Sandvik by 3,795.5% during the third quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares during the period. GAMMA Investing LLC raised its stake in Sandvik by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock worth $208,000 after buying an additional 1,473 shares during the period. Yousif Capital Management LLC boosted its holdings in Sandvik by 15.9% in the second quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 3,030 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Sandvik by 13.9% in the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock valued at $788,000 after acquiring an additional 4,562 shares during the period. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Sandvik Stock Performance

Shares of Sandvik stock opened at $31.98 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.40. The company has a market cap of $40.11 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.52. The company has a 50 day moving average of $30.28 and a 200-day moving average of $26.88. Sandvik has a 1-year low of $16.94 and a 1-year high of $31.98.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Monday, October 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Sandvik had a return on equity of 16.30% and a net margin of 12.24%.The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $29.69 billion. As a group, equities research analysts forecast that Sandvik will post 1.27 earnings per share for the current fiscal year.

About Sandvik

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.