Sandvik AB (OTCMKTS:SDVKY) Receives Average Rating of “Buy” from Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company.

SDVKY has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Sandvik in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a report on Monday, December 8th. Barclays restated an “overweight” rating on shares of Sandvik in a report on Thursday, January 29th. Finally, Rothschild & Co Redburn upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st.

Institutional Trading of Sandvik

Institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its position 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% during the 3rd 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 during the period. Finally, Salomon & Ludwin LLC grew its position in 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 acquiring an additional 835 shares during the last quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik Stock Performance

OTCMKTS:SDVKY opened at $43.90 on Friday. The company has a market cap of $55.07 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.83 and a beta of 1.51. Sandvik has a 1 year low of $16.94 and a 1 year high of $44.00. The stock’s 50 day simple moving average is $35.17 and its two-hundred day simple moving average is $30.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.78 and a quick ratio of 0.90.

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