Sandvik (OTCMKTS:SDVKY)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, The Fly reports.
SDVKY has been the topic of a number of other reports. Smith Barney Citigroup reaffirmed a “buy” rating on shares of Sandvik in a research report on Friday, December 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sandvik in a research report on Monday, October 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “buy” rating on shares of Sandvik in a research report on Friday, December 11th. Societe Generale reaffirmed a “buy” rating on shares of Sandvik in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Sandvik in a research report on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.00.
Shares of SDVKY opened at $26.26 on Tuesday. The stock’s 50-day moving average is $24.17 and its two-hundred day moving average is $20.89. The stock has a market cap of $32.94 billion, a PE ratio of 49.55, a P/E/G ratio of 5.70 and a beta of 1.19. Sandvik has a 12 month low of $11.20 and a 12 month high of $26.91.
A hedge fund recently raised its stake in Sandvik stock. Colony Group LLC boosted its position in Sandvik AB (OTCMKTS:SDVKY) by 24.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,753 shares of the industrial products company’s stock after buying an additional 3,541 shares during the quarter. Colony Group LLC’s holdings in Sandvik were worth $349,000 at the end of the most recent quarter. 0.13% of the stock is currently owned by institutional investors and hedge funds.
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.
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