Brokerages Set $14.70 Target Price for Sandvik AB (SDVKY)
Shares of Sandvik AB (NASDAQ:SDVKY) have received a consensus broker rating score of 3.67 (Sell) from the three analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company.
Brokers have set a 1 year consensus target price of $14.70 for the company, according to Zacks. Zacks has also given Sandvik AB an industry rank of 19 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Sandvik AB from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, July 12th.
A hedge fund recently raised its stake in Sandvik AB stock. Parametric Portfolio Associates LLC raised its holdings in Sandvik AB (NASDAQ:SDVKY) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 665,023 shares of the company’s stock after acquiring an additional 83,981 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Sandvik AB were worth $10,521,000 as of its most recent SEC filing.
Shares of Sandvik AB (NASDAQ SDVKY) remained flat at $18.32 during mid-day trading on Monday. The company has a 50-day moving average price of $17.34 and a 200 day moving average price of $16.14. The firm has a market capitalization of $22.98 billion and a P/E ratio of 26.28. Sandvik AB has a one year low of $10.84 and a one year high of $18.36.
About Sandvik AB
Sandvik AB (Sandvik) is an engineering company in mining and rock excavation, metal-cutting and materials technology. The Company is engaged in the developing, manufacturing and marketing processed products and services. Its segments include Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology and Other Operations.
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