Sandvik AB (OTCMKTS:SDVKY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

SDVKY has been the topic of several recent analyst reports. Nordea Equity Research upgraded shares of Sandvik to a “hold” rating in a research note on Wednesday, April 15th. Citigroup cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research note on Thursday, April 23rd. Jefferies Financial Group cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Barclays reiterated an “overweight” rating on shares of Sandvik in a research note on Wednesday, February 25th.

Institutional Trading of Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC boosted its position in Sandvik AB (OTCMKTS:SDVKY) by 17.5% during 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.74% of the company’s stock.

Sandvik Stock Performance

Shares of SDVKY stock opened at $40.75 on Monday. The stock has a market capitalization of $51.12 billion, a P/E ratio of 32.09, a PEG ratio of 1.38 and a beta of 1.53. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $40.17 and its 200 day moving average is $37.08. Sandvik has a 12 month low of $21.27 and a 12 month high of $44.53.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Sandvik had a net margin of 12.16% and a return on equity of 17.64%. On average, sell-side analysts anticipate that Sandvik will post 1.76 earnings per share for the current year.

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.