Sandvik AB (OTCMKTS:SDVKY) Given Consensus Rating of “Moderate Buy” by Analysts
by Michael Walen · The Markets DailyShares of Sandvik AB (OTCMKTS:SDVKY – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.
Several equities research analysts recently commented on SDVKY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Monday, December 8th. Zacks Research cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup reissued a “buy” rating on shares of Sandvik in a research report on Monday, January 12th. Finally, Morgan Stanley downgraded Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th.
View Our Latest Stock Analysis on SDVKY
Sandvik Trading Down 0.2%
OTCMKTS:SDVKY opened at $39.45 on Friday. Sandvik has a 12-month low of $16.94 and a 12-month high of $44.43. 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’s 50 day simple moving average is $40.30 and its 200-day simple moving average is $34.04. The firm has a market cap of $49.49 billion, a P/E ratio of 32.60, a PEG ratio of 1.58 and a beta of 1.52.
Sandvik (OTCMKTS:SDVKY – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $3.64 billion for 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%. Equities analysts anticipate that Sandvik will post 1.27 EPS for the current year.
Hedge Funds Weigh In On Sandvik
A hedge fund recently raised its stake in Sandvik stock. Salomon & Ludwin LLC raised its position in Sandvik AB (OTCMKTS:SDVKY – Free Report) by 3,795.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857 shares of the industrial products company’s stock after purchasing an additional 835 shares during the quarter. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 at the end of the most recent quarter. 0.74% of the stock is owned by institutional investors.
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.