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

Shares of Sandvik AB (OTCMKTS:SDVKY) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Jefferies Financial Group lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 25th. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 12th. Finally, Barclays reaffirmed an “overweight” rating on shares of Sandvik in a research report on Wednesday, February 25th.

Sandvik Price Performance

OTCMKTS SDVKY opened at $36.29 on Friday. The stock has a 50-day simple moving average of $40.10 and a 200 day simple moving average of $33.77. Sandvik has a twelve month low of $16.94 and a twelve month high of $44.43. The stock has a market capitalization of $45.52 billion, a PE ratio of 29.99, a P/E/G ratio of 1.55 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.94.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.38 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.94%. Research analysts anticipate that Sandvik will post 1.27 EPS for the current year.

Institutional Trading of Sandvik

An institutional investor recently raised its position in Sandvik stock. Salomon & Ludwin LLC lifted its position in shares of Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 857 shares of the industrial products company’s stock after purchasing an additional 835 shares during the quarter. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 as of its most recent filing with the Securities and Exchange Commission. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

Sandvik Company Profile

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.