Sandvik AB (OTCMKTS:SDVKY) Stock Rated “Hold” by Sell-Side Brokerages

Sandvik AB (OTCMKTS:SDVKY) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company.

Several analysts recently issued reports on SDVKY shares. Berenberg Bank upgraded shares of Sandvik to a “hold” rating in a research report on Thursday, August 27th. Morgan Stanley upgraded Sandvik to an “overweight” rating in a research note on Monday. Citigroup reiterated a “neutral” rating on shares of Sandvik in a research report on Tuesday, September 29th. Kepler Capital Markets lowered Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, BNP Paribas Exane cut Sandvik to a “neutral” rating in a research report on Thursday, October 1st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its position in Sandvik AB (OTCMKTS:SDVKY) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,489 shares of the industrial products company’s stock after buying an additional 616 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $432,000 at the end of the most recent quarter. 0.74% of the stock is currently owned by institutional investors.

Sandvik Stock Up 1.2%

SDVKY stock opened at $35.87 on Thursday. Sandvik has a fifty-two week low of $28.71 and a fifty-two week high of $44.53. The business’s 50-day moving average is $38.19 and its two-hundred day moving average is $39.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.64. The company has a market cap of $44.99 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 0.86 and a beta of 1.51.

Sandvik Company Profile

Sandvik AB is a Sweden-based global engineering group that develops and manufactures equipment, tools and digital solutions for the mining, construction and manufacturing industries. Founded in 1862, the company has evolved from a steel producer into a specialized industrial technology business headquartered in Stockholm, Sweden.

Its Mining and Rock Solutions business provides underground and surface mining equipment, rock tools, drilling systems, automation technologies and related services.