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

Sandvik AB (OTCMKTS:SDVKY) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts recently weighed in on SDVKY shares. Barclays restated an “overweight” rating on shares of Sandvik in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research report on Monday, September 29th. Pareto Securities downgraded Sandvik from a “buy” rating to a “hold” rating in a research report on Sunday, October 5th. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Zacks Research cut Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in Sandvik by 13.9% during the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 4,562 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after buying an additional 3,030 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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. Finally, Salomon & Ludwin LLC boosted its stake in Sandvik by 3,795.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after buying an additional 835 shares in the last quarter. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik Stock Performance

Shares of SDVKY opened at $29.24 on Monday. The company has a market capitalization of $36.68 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 0.86. Sandvik has a one year low of $16.94 and a one year high of $31.12. The company’s fifty day moving average price is $29.09 and its 200 day moving average price is $25.62.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Monday, October 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $29.69 billion. Sandvik had a net margin of 12.24% and a return on equity of 16.56%. As a group, analysts expect that Sandvik will post 1.27 earnings per share for the current year.

About Sandvik

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.