Sandvik AB (OTCMKTS:SDVKY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

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

Sandvik Price Performance

SDVKY stock opened at $27.85 on Friday. 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 has a 1 year low of $16.94 and a 1 year high of $28.89. The firm has a market cap of $34.93 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.60. The stock has a 50-day simple moving average of $26.36 and a 200-day simple moving average of $23.49.

Sandvik (OTCMKTS:SDVKY) last posted its earnings results on Wednesday, July 16th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. Sandvik had a return on equity of 16.54% and a net margin of 11.89%.The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $29.43 billion. On average, equities analysts predict that Sandvik will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Sandvik by 88.9% during the 1st quarter. GAMMA Investing LLC now owns 5,546 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 2,610 shares in the last quarter. Rhumbline Advisers grew its position in shares of Sandvik by 13.9% in the 1st 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. Finally, Yousif Capital Management LLC grew its position in shares of Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 3,030 shares in the last quarter. 0.74% of the stock is owned by institutional investors and hedge funds.

Sandvik Company Profile

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.