Sandvik AB (OTCMKTS:SDVKY) Receives Average Recommendation of “Buy” from Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company.

Several research analysts recently weighed in on SDVKY shares. Barclays reissued an “overweight” rating on shares of Sandvik in a research note on Wednesday, December 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Sandvik in a research report on Wednesday, October 22nd. Pareto Securities lowered shares of Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Finally, Citigroup reissued a “buy” rating on shares of Sandvik in a research note on Monday.

Institutional Investors Weigh In On Sandvik

Several institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Sandvik by 3,795.5% in the third 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of Sandvik by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 1,473 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of 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. Finally, Rhumbline Advisers raised its holdings in Sandvik by 13.9% during the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock worth $788,000 after acquiring an additional 4,562 shares in the last quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik Stock Up 0.7%

OTCMKTS:SDVKY opened at $35.47 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.40. Sandvik has a 12-month low of $16.94 and a 12-month high of $35.79. The stock’s fifty day simple moving average is $31.69 and its 200-day simple moving average is $28.30. The firm has a market capitalization of $44.19 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.24 and a beta of 1.50.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $29.69 billion. Sandvik had a net margin of 12.24% and a return on equity of 16.30%. Equities research 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.