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

Shares of Sandvik AB (OTCMKTS:SDVKY) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research analysts have commented on SDVKY shares. Pareto Securities downgraded shares of Sandvik from a “buy” rating to a “hold” rating in a research note on Sunday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research report on Monday, December 8th. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Sandvik in a report on Wednesday, October 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Sandvik in a research report on Monday.

Institutional Trading of Sandvik

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC boosted its holdings in shares of 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 during the period. GAMMA Investing LLC lifted its holdings in Sandvik by 24.8% in the third quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 1,473 shares during the last quarter. Yousif Capital Management LLC boosted its stake 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 valued at $502,000 after acquiring an additional 3,030 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Sandvik by 13.9% during the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 4,562 shares during the last quarter. 0.74% of the stock is owned by institutional investors and hedge funds.

Sandvik Price Performance

Shares of OTCMKTS SDVKY opened at $34.65 on Tuesday. The business has a 50 day moving average price of $31.36 and a two-hundred day moving average price of $28.11. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $34.80. The firm has a market cap of $43.28 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 1.37 and a beta of 1.50. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.40.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Monday, October 20th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $29.69 billion. Sandvik had a net margin of 12.24% and a return on equity of 16.30%. Sell-side analysts expect 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.