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

Shares of Sandvik AB (OTCMKTS:SDVKY) have received an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have issued reports on SDVKY. Jefferies Financial Group downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup cut 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research report on Thursday. Finally, Morgan Stanley cut Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. Salomon & Ludwin LLC grew its position in Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 857 shares of the industrial products company’s stock after acquiring an additional 835 shares during the quarter. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.74% of the stock is currently owned by hedge funds and other institutional investors.

Sandvik Trading Up 0.7%

Shares of Sandvik stock opened at $42.85 on Thursday. The firm has a 50-day moving average of $40.81 and a 200-day moving average of $35.71. The stock has a market cap of $53.75 billion, a PE ratio of 33.74, a PEG ratio of 1.58 and a beta of 1.52. Sandvik has a 52-week low of $20.40 and a 52-week high of $44.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.94.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 17.64% and a net margin of 12.16%. As a group, sell-side analysts forecast that Sandvik will post 1.6 EPS for the current year.

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.