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

Shares of Sandvik AB (OTCMKTS:SDVKY) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts have weighed in on SDVKY shares. Zacks Research downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Barclays restated an “overweight” rating on shares of Sandvik in a report on Wednesday, February 25th. Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup reiterated a “buy” rating on shares of Sandvik in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th.

Sandvik Trading Down 1.5%

OTCMKTS:SDVKY opened at $40.25 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.94 and a quick ratio of 1.02. The business’s 50-day simple moving average is $38.81 and its 200-day simple moving average is $32.38. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $44.43. The stock has a market capitalization of $50.48 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.75 and a beta of 1.48.

Sandvik (OTCMKTS:SDVKY) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.38 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.94%. Sell-side analysts expect that Sandvik will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Sandvik Company Profile

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.