Sandvik AB (OTCMKTS:SDVKY) Receives Average Rating of “Moderate Buy” from Brokerages

Sandvik AB (OTCMKTS:SDVKY) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts recently issued reports on the company. Zacks Research cut Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Jefferies Financial Group cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Barclays reissued an “overweight” rating on shares of Sandvik in a research note on Wednesday, February 25th. Finally, Citigroup restated a “buy” rating on shares of Sandvik in a report on Monday, January 12th.

Sandvik Stock Performance

OTCMKTS SDVKY opened at $40.25 on Wednesday. Sandvik has a twelve month low of $16.94 and a twelve month high of $44.43. The stock has a market capitalization of $50.48 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.73 and a beta of 1.48. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $38.81 and a 200 day moving average of $32.48.

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 the consensus estimate of $0.37 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Sandvik had a return on equity of 16.94% and a net margin of 12.16%. Sell-side analysts anticipate that Sandvik will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,704 shares of the industrial products company’s stock after purchasing an additional 1,298 shares during the quarter. 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 owned by institutional investors and hedge funds.

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.