Sandvik AB (OTCMKTS:SDVKY) Receives Average Rating of “Hold” from Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Morgan Stanley lowered Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. Citigroup lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th. Finally, Nordea Equity Research raised Sandvik to a “hold” rating in a research report on Wednesday, April 15th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC grew its position in Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik Stock Performance

OTCMKTS:SDVKY opened at $42.55 on Thursday. Sandvik has a twelve month low of $20.36 and a twelve month high of $44.53. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $40.80 and a 200-day moving average of $35.51. The firm has a market cap of $53.37 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.59 and a beta of 1.52.

Sandvik (OTCMKTS:SDVKY) last posted its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sandvik had a net margin of 12.16% and a return on equity of 16.94%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.38 billion. Analysts forecast that Sandvik will post 1.58 earnings per share for the current fiscal year.

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.