Sandvik AB (OTCMKTS:SDVKY) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Sandvik has an average “Hold” rating from 13 analysts: eight rate it Hold, three Buy, one Strong Buy, and one Sell. Recent rating changes included downgrades from Kepler Capital Markets and Zacks Research.
• Sandvik shares opened at $37.76, compared with a 50-day moving average of $38.47 and a 200-day moving average of $39.75; the stock’s 52-week range is $27.14 to $44.53.
• GAMMA Investing increased its Sandvik position by 6.2% in the second quarter, while institutional investors collectively own 0.74% of the company’s stock.

Shares of Sandvik AB (OTCMKTS:SDVKY - Get Free Report) have been given an average recommendation of "Hold" by the thirteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

Several research analysts have recently commented on the company. Kepler Capital Markets lowered Sandvik from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Sandvik in a research report on Thursday, June 18th. Zacks Research lowered Sandvik from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 22nd. Finally, Berenberg Bank upgraded shares of Sandvik to a "hold" rating in a report on Thursday, August 27th.

Sandvik Stock Performance

Shares of OTCMKTS:SDVKY opened at $37.76 on Friday. The firm has a 50 day moving average of $38.47 and a 200 day moving average of $39.75. The company has a quick ratio of 0.84, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $47.37 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.52. Sandvik has a 52 week low of $27.14 and a 52 week high of $44.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC raised its position in Sandvik AB (OTCMKTS:SDVKY - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,489 shares of the industrial products company's stock after acquiring an additional 616 shares during the period. GAMMA Investing LLC's holdings in Sandvik were worth $432,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.74% of the company's stock.

About Sandvik

Sandvik AB is a Sweden-based global engineering group founded in 1862 and headquartered in Stockholm, Sweden. The company develops and manufactures equipment, tools, software and services for industries including mining, construction, manufacturing and infrastructure.

Sandvik's business activities include mining and rock excavation equipment, drilling systems, underground and surface mining machinery, rock-processing equipment, and related automation and digital solutions. The company also produces metal-cutting tools, tooling systems and other industrial solutions designed to support machining and advanced manufacturing operations.

Sandvik serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Australia.

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