Sandvik AB (SDVKY) - What Are Analysts Saying About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Sandvik, with one sell, eight hold, three buy and one strong-buy recommendation among 13 firms.
• Several firms recently downgraded Sandvik to “Hold” or “Neutral,” although Deutsche Bank reaffirmed its “Buy” rating.
• Shares opened at $36.21, below their 50-day and 200-day moving averages, with a 12-month range of $28.35 to $44.53; institutional investors own just 0.74% of the stock.

Shares of Sandvik AB (OTCMKTS:SDVKY - Get Free Report) have been given a consensus rating of "Hold" by the thirteen research firms that are presently covering the firm, Marketbeat.com 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 assigned a strong buy rating to the company.

SDVKY has been the subject of a number of research reports. Kepler Capital Markets lowered Sandvik from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Zacks Research downgraded Sandvik from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 22nd. Citigroup restated a "neutral" rating on shares of Sandvik in a report on Tuesday, September 29th. BNP Paribas Exane cut Sandvik to a "neutral" rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Sandvik in a research note on Thursday, June 18th.

Sandvik Price Performance

OTCMKTS SDVKY opened at $36.21 on Thursday. Sandvik has a 12 month low of $28.35 and a 12 month high of $44.53. The firm has a market capitalization of $45.42 billion, a PE ratio of 24.97, a P/E/G ratio of 0.90 and a beta of 1.51. The company's 50 day simple moving average is $38.47 and its 200 day simple moving average is $39.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 0.84.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its stake in Sandvik stock. GAMMA Investing LLC grew its holdings in shares of Sandvik AB (OTCMKTS:SDVKY - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,360 shares of the industrial products company's stock after purchasing an additional 871 shares during the period. GAMMA Investing LLC's holdings in Sandvik were worth $425,000 as of its most recent filing with the Securities and Exchange Commission. 0.74% of the stock is owned by institutional investors and hedge funds.

About Sandvik

Sandvik AB is a Sweden-based engineering group that develops equipment, tools, services and digital solutions for industries including mining, construction, manufacturing and infrastructure. Founded in 1862, the company has evolved from a steel producer into a global supplier of advanced industrial technologies.

Sandvik's Mining and Rock Solutions business provides underground and surface mining equipment, rock-drilling tools, ground-support systems, loading and hauling equipment, automation and related aftermarket services.

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