Sandvik (OTCMKTS:SDVKY) Given Equal Weight Rating at Barclays


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Barclays reiterated their equal weight rating on shares of Sandvik (OTCMKTS:SDVKY) in a report published on Wednesday morning, The Fly reports.

SDVKY has been the topic of several other research reports. Societe Generale restated a buy rating on shares of Sandvik in a report on Tuesday, September 29th. Smith Barney Citigroup restated a buy rating on shares of Sandvik in a research note on Friday, December 11th. JPMorgan Chase & Co. restated an overweight rating on shares of Sandvik in a research report on Monday, December 7th. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Sandvik in a research report on Tuesday. Finally, The Goldman Sachs Group restated a buy rating on shares of Sandvik in a research note on Friday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $20.00.

OTCMKTS SDVKY opened at $26.26 on Wednesday. Sandvik has a 1 year low of $11.20 and a 1 year high of $26.91. The company has a fifty day simple moving average of $24.17 and a 200 day simple moving average of $20.89. The company has a market cap of $32.94 billion, a P/E ratio of 49.55, a P/E/G ratio of 5.70 and a beta of 1.19.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Friday, October 16th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $2.27 billion during the quarter. Sandvik had a net margin of 6.75% and a return on equity of 20.42%. As a group, sell-side analysts anticipate that Sandvik will post 0.83 earnings per share for the current fiscal year.

A hedge fund recently bought a new position in Sandvik stock. Captrust Financial Advisors acquired a new stake in Sandvik AB (OTCMKTS:SDVKY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,949 shares of the industrial products company’s stock, valued at approximately $78,000. 0.13% of the stock is owned by hedge funds and other institutional investors.

Sandvik Company Profile

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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Analyst Recommendations for Sandvik (OTCMKTS:SDVKY)

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