Sandvik (OTCMKTS:SDVKY) Upgraded by Rothschild Redb to Strong-Buy Rating

Sandvik (OTCMKTS:SDVKY) was upgraded by equities research analysts at Rothschild Redb from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on SDVKY. Royal Bank Of Canada restated an “outperform” rating on shares of Sandvik in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Sandvik in a research report on Tuesday, October 7th. Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Pareto Securities lowered shares of Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Sandvik Stock Performance

Shares of OTCMKTS SDVKY opened at $29.80 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.62. The company’s fifty day moving average price is $27.06 and its 200 day moving average price is $23.93. The company has a market capitalization of $37.38 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. Sandvik has a 1 year low of $16.94 and a 1 year high of $29.98.

Sandvik (OTCMKTS:SDVKY) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $29.69 billion. Sandvik had a return on equity of 16.56% and a net margin of 12.24%. On average, research analysts predict that Sandvik will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC lifted 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 buying an additional 835 shares during the last quarter. GAMMA Investing LLC lifted its position in Sandvik by 24.8% in the third quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after buying an additional 1,473 shares during the last quarter. Yousif Capital Management LLC lifted its position in 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 buying an additional 3,030 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Sandvik by 13.9% in 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. Institutional investors and hedge funds own 0.74% of the company’s stock.

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.