SANDVIK AB/ADR (OTCMKTS:SDVKY) has received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th.
Several hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of SANDVIK AB/ADR by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 15,533 shares of the industrial products company’s stock valued at $249,000 after buying an additional 4,430 shares in the last quarter. Scout Investments Inc. grew its stake in shares of SANDVIK AB/ADR by 3.6% in the second quarter. Scout Investments Inc. now owns 212,125 shares of the industrial products company’s stock valued at $3,900,000 after buying an additional 7,402 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of SANDVIK AB/ADR by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,343,122 shares of the industrial products company’s stock valued at $24,680,000 after buying an additional 20,746 shares in the last quarter. Institutional investors and hedge funds own 0.12% of the company’s stock.
Shares of SANDVIK AB/ADR stock traded up $0.09 during trading hours on Friday, reaching $13.74. The stock had a trading volume of 44,800 shares, compared to its average volume of 93,083. The firm has a 50 day simple moving average of $16.19 and a two-hundred day simple moving average of $16.71. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.75 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 1.35 and a debt-to-equity ratio of 0.44. SANDVIK AB/ADR has a 1 year low of $13.23 and a 1 year high of $19.05.
SANDVIK AB/ADR (OTCMKTS:SDVKY) last released its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. SANDVIK AB/ADR had a return on equity of 22.71% and a net margin of 12.97%. Sell-side analysts forecast that SANDVIK AB/ADR will post 1.11 EPS for the current year.
SANDVIK AB/ADR Company Profile
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.
Further Reading: Market Timing
Receive News & Ratings for SANDVIK AB/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SANDVIK AB/ADR and related companies with MarketBeat.com's FREE daily email newsletter.