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

Sandvik AB (OTCMKTS:SDVKY) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of research firms have commented on SDVKY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research note on Thursday, June 18th. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 12th. Citigroup cut Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th.

Sandvik Stock Performance

Shares of SDVKY stock traded down $2.00 during trading hours on Tuesday, reaching $40.20. The company had a trading volume of 25,261 shares, compared to its average volume of 134,401. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.96. The business has a fifty day moving average price of $40.63 and a 200-day moving average price of $39.30. Sandvik has a one year low of $23.22 and a one year high of $44.53. The firm has a market cap of $50.43 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50.

Sandvik (OTCMKTS:SDVKY) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Sandvik had a return on equity of 16.92% and a net margin of 12.16%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.43 billion. Sell-side analysts predict that Sandvik will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC lifted its stake in Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,704 shares of the industrial products company’s stock after buying 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. Hedge funds and other institutional investors own 0.74% of the company’s stock.

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.