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

Shares of Sandvik AB (OTCMKTS:SDVKY) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company.

A number of research firms recently commented on SDVKY. Pareto Securities downgraded Sandvik from a “buy” rating to a “hold” rating in a research report on Sunday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Zacks Research upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Sandvik in a research note on Wednesday, December 3rd.

Sandvik Stock Performance

Shares of OTCMKTS SDVKY opened at $35.52 on Tuesday. The company has a market cap of $44.56 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.25 and a beta of 1.50. Sandvik has a 52-week low of $16.94 and a 52-week high of $35.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.78. The firm’s fifty day moving average is $31.89 and its two-hundred day moving average is $28.54.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Sandvik had a net margin of 12.24% and a return on equity of 16.30%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $29.69 billion. As a group, analysts anticipate that Sandvik will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Sandvik by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 8,704 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 1,298 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Sandvik by 3,795.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 3,030 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Sandvik by 13.9% during the 1st quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 4,562 shares during the last quarter. Institutional investors own 0.74% of the company’s stock.

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.