Sandvik AB (OTCMKTS:SDVKY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages recently commented on SDVKY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Nordea Equity Research upgraded shares of Sandvik to a “hold” rating in a research report on Wednesday, April 15th. Finally, Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Institutional Investors Weigh In On Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC lifted its position in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,704 shares of the industrial products company’s stock after purchasing an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent reporting period. Institutional investors own 0.74% of the company’s stock.

Sandvik Stock Performance

Shares of Sandvik stock opened at $39.83 on Tuesday. The company’s 50 day moving average price is $40.42 and its two-hundred day moving average price is $39.66. The firm has a market capitalization of $49.96 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.16 and a beta of 1.50. Sandvik has a fifty-two week low of $23.50 and a fifty-two week high of $44.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.96 and a quick ratio of 1.06.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 16.92% and a net margin of 12.16%. On average, equities analysts forecast that Sandvik will post 1.71 earnings per share for the current fiscal year.

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.