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

Sandvik AB (OTCMKTS:SDVKY) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

SDVKY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley lowered shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th.

Sandvik Stock Performance

Shares of Sandvik stock opened at $40.75 on Monday. The firm has a market capitalization of $51.12 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.39 and a beta of 1.53. Sandvik has a 52 week low of $21.27 and a 52 week high of $44.53. The company has a quick ratio of 1.02, a current ratio of 1.94 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $40.17 and its two-hundred day moving average is $37.13.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.43 billion. Sandvik had a net margin of 12.16% and a return on equity of 17.64%. Research analysts forecast that Sandvik will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC lifted its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,704 shares of the industrial products company’s stock after acquiring an additional 1,298 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

About Sandvik

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.