Sandvik AB (OTCMKTS:SDVKY) Given Consensus Recommendation of “Buy” by Analysts

Sandvik AB (OTCMKTS:SDVKY) has earned an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company.

Several research firms recently weighed in on SDVKY. Rothschild Redb raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Royal Bank Of Canada restated 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 research note on Monday, December 8th. Finally, Citigroup restated a “buy” rating on shares of Sandvik in a research report on Monday, January 12th.

Institutional Investors Weigh In On Sandvik

Several institutional investors and hedge funds have recently bought and sold shares of SDVKY. Rhumbline Advisers increased its holdings in Sandvik by 13.9% in the 1st quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock valued at $788,000 after buying an additional 4,562 shares during the period. Yousif Capital Management LLC increased its stake in Sandvik by 15.9% in the second quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 3,030 shares during the last quarter. GAMMA Investing LLC raised its position in Sandvik by 24.8% during the third quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 1,473 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in Sandvik by 3,795.5% during the third quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 835 shares during the last quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik Price Performance

OTCMKTS:SDVKY opened at $35.52 on Tuesday. The company has a market cap of $44.56 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.25 and a beta of 1.50. The firm’s fifty day moving average price is $31.79 and its two-hundred day moving average price is $28.42. Sandvik has a one year low of $16.94 and a one year high of $35.79. 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 earnings results on Monday, October 20th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $29.69 billion. Sandvik had a return on equity of 16.30% and a net margin of 12.24%. Equities analysts expect that Sandvik will post 1.27 earnings per share for the current 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.