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

Sandvik AB (OTCMKTS:SDVKY) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company.

Several research analysts have recently commented on the company. Jefferies Financial Group downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Citigroup reiterated a “buy” rating on shares of Sandvik in a research report on Monday, January 12th. Barclays reissued an “overweight” rating on shares of Sandvik in a research note on Thursday, January 29th. Zacks Research raised shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Sandvik in a research report on Monday, December 8th.

Institutional Investors Weigh In On Sandvik

Institutional investors and hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC increased its stake in shares of Sandvik by 15.9% during the second 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 during the period. GAMMA Investing LLC boosted 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 valued at $208,000 after acquiring an additional 1,473 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in Sandvik by 3,795.5% during the 3rd 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. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik Trading Up 2.0%

Shares of SDVKY opened at $41.52 on Friday. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $42.25. The firm has a market cap of $52.08 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 1.74 and a beta of 1.51. The firm has a 50 day moving average price of $34.42 and a 200-day moving average price of $29.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.78.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.38 billion. Sandvik had a net margin of 12.16% and a return on equity of 17.13%. As a group, equities research analysts forecast that Sandvik will post 1.27 earnings per share for the current 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.