Sandvik AB (OTCMKTS:SDVKY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have weighed in on SDVKY. Citigroup reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, January 12th. Barclays reissued an “overweight” rating on shares of Sandvik in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th.

Institutional Trading of Sandvik

An institutional investor recently raised its position in Sandvik stock. Salomon & Ludwin LLC lifted its holdings in Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 857 shares of the industrial products company’s stock after purchasing an additional 835 shares during the period. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Sandvik Trading Up 3.3%

Shares of SDVKY stock opened at $41.30 on Wednesday. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $44.43. The company has a quick ratio of 1.02, a current ratio of 1.94 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $39.13 and a 200-day simple moving average of $32.70. The stock has a market cap of $51.80 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.71 and a beta of 1.48.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sandvik had a return on equity of 16.94% and a net margin of 12.16%.The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.38 billion. On average, analysts forecast that Sandvik will post 1.27 earnings per share for the current fiscal 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.