Sandvik AB (OTCMKTS:SDVKY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company.

A number of research firms recently commented on SDVKY. Nordea Equity Research upgraded Sandvik to a “hold” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group reiterated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a report on Thursday, April 23rd. Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Zacks Research raised shares of Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC grew its position in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,704 shares of the industrial products company’s stock after acquiring an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik Stock Up 3.9%

SDVKY stock opened at $39.46 on Friday. The company has a market capitalization of $49.50 billion, a P/E ratio of 31.07, a PEG ratio of 1.16 and a beta of 1.50. The company has a current ratio of 1.96, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Sandvik has a twelve month low of $21.32 and a twelve month high of $44.53. The firm has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $38.15.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.43 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.92%. On average, equities research analysts predict that Sandvik will post 1.76 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.