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

Shares of Sandvik AB (OTCMKTS:SDVKY) have earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts have recently issued reports on SDVKY shares. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating on shares of Sandvik in a research note on Wednesday, February 25th. Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Sandvik in a research note on Thursday, April 9th.

Hedge Funds Weigh In On Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC increased its position in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent reporting period. 0.74% of the stock is owned by institutional investors.

Sandvik Price Performance

SDVKY stock opened at $41.50 on Friday. The company has a fifty day moving average price of $41.06 and a 200-day moving average price of $38.38. The company has a market capitalization of $52.06 billion, a P/E ratio of 32.68, a PEG ratio of 1.31 and a beta of 1.50. Sandvik has a 52-week low of $21.32 and a 52-week high of $44.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.96.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.92%. As a group, equities analysts expect that Sandvik will post 1.69 EPS 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.