Sandvik AB (SDVKY) – What Are Brokerages Thinking About This Stock?

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company.

SDVKY has been the subject of several research reports. Pareto Securities upgraded Sandvik from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Morgan Stanley upgraded Sandvik to an “overweight” rating in a research report on Monday, October 19th. Berenberg Bank upgraded Sandvik to a “hold” rating in a research report on Thursday, August 27th. Citigroup reissued a “neutral” rating on shares of Sandvik in a research note on Tuesday, September 29th. Finally, BNP Paribas Exane cut Sandvik to a “neutral” rating in a report on Thursday, October 1st.

Sandvik Price Performance

SDVKY opened at $36.08 on Monday. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.89 and a beta of 1.51. The company has a current ratio of 1.62, a quick ratio of 0.84 and a debt-to-equity ratio of 0.28. Sandvik has a 12-month low of $28.71 and a 12-month high of $44.53. The business’s fifty day simple moving average is $37.14 and its 200-day simple moving average is $39.35.

Sandvik (OTCMKTS:SDVKY) last announced its earnings results on Thursday, October 22nd. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Sandvik had a return on equity of 19.84% and a net margin of 13.85%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.70 billion. On average, equities research analysts anticipate that Sandvik will post 1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sandvik

A hedge fund recently bought a new position in Sandvik stock. Yousif Capital Management LLC bought a new position in shares of Sandvik AB (OTCMKTS:SDVKY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,686 shares of the industrial products company’s stock, valued at approximately $214,000. Institutional investors own 0.74% of the company’s stock.

Sandvik Company Profile

Sandvik is a Sweden-based engineering group that develops equipment, tools, services and digital solutions for mining, infrastructure and manufacturing customers. Founded in 1862, the company has a long history in materials and industrial engineering. Its business includes machinery and systems for mining and rock excavation, equipment and services for processing rock, and metal-cutting tools and tooling systems for industrial manufacturers. Sandvik also provides related aftermarket support and digital solutions, including technologies used in mining and manufacturing operations.