Sandvik AB (OTCMKTS:SDVKY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sandvik AB (OTCMKTS:SDVKY) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. Zacks Research raised shares of Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Nordea Equity Research raised shares of Sandvik to a “hold” rating in a report on Wednesday, April 15th. Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th.

Hedge Funds Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,704 shares of the industrial products company’s stock after purchasing 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 reporting period. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik Stock Performance

SDVKY opened at $37.35 on Monday. The firm’s fifty day moving average is $40.29 and its two-hundred day moving average is $36.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.94. The firm has a market cap of $46.85 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. Sandvik has a twelve month low of $21.27 and a twelve month high of $44.53.

Sandvik (OTCMKTS:SDVKY) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Sandvik had a net margin of 12.16% and a return on equity of 17.64%. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.43 billion. Equities research analysts anticipate that Sandvik will post 1.76 EPS for the current 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.