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

Shares of Sandvik AB (OTCMKTS:SDVKY) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company.

A number of analysts have recently weighed in on the stock. Pareto Securities downgraded shares of Sandvik from a “buy” rating to a “hold” rating in a research report on Sunday, October 5th. Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Barclays restated an “overweight” rating on shares of Sandvik in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research note on Monday, September 29th. Finally, Citigroup restated a “buy” rating on shares of Sandvik in a research note on Tuesday, October 7th.

Institutional Trading of Sandvik

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Sandvik by 3,795.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Sandvik by 88.9% during the first quarter. GAMMA Investing LLC now owns 5,546 shares of the industrial products company’s stock valued at $117,000 after buying an additional 2,610 shares during the last quarter. Yousif Capital Management LLC grew its holdings 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 last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Sandvik by 13.9% during the first 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 last quarter. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik Stock Down 0.8%

SDVKY stock opened at $30.61 on Thursday. The company has a market capitalization of $38.40 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.60. The business’s 50 day moving average price is $27.61 and its two-hundred day moving average price is $24.43. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.62.

Sandvik (OTCMKTS:SDVKY) last issued its quarterly earnings results on Monday, October 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $29.69 billion. Sandvik had a return on equity of 16.56% and a net margin of 12.24%. As a group, analysts forecast that Sandvik will post 1.27 earnings per share for the current fiscal year.

About Sandvik

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.