Sandvik AB (OTCMKTS:SDVKY) Given Average Rating of “Moderate Buy” by Brokerages

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

SDVKY has been the subject of several recent analyst reports. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Citigroup reissued a “buy” rating on shares of Sandvik in a research report on Tuesday, October 7th. Pareto Securities lowered shares of Sandvik from a “buy” rating to a “hold” rating in a research report on Sunday, October 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Finally, Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th.

Institutional Trading of Sandvik

Institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its holdings in 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 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. Yousif Capital Management LLC boosted its stake in Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock valued at $502,000 after buying an additional 3,030 shares in the last quarter. Finally, Rhumbline Advisers grew its position 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

OTCMKTS:SDVKY opened at $31.80 on Friday. The firm has a market capitalization of $39.89 billion, a PE ratio of 27.18, a PEG ratio of 1.58 and a beta of 1.52. Sandvik has a 1 year low of $16.94 and a 1 year high of $31.92. 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 firm’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $26.75.

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 16.30%. On average, sell-side analysts anticipate that Sandvik will post 1.27 EPS for the current year.

Sandvik Company Profile

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.