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

Key Points

• Analysts have a “Moderate Buy” consensus on Sandvik, with 6 of 12 brokerages recommending buy or strong buy, 5 recommending hold, and 1 recommending sell. Recent moves included upgrades from Pareto Securities, Nordea, and Morgan Stanley, while BNP Paribas Exane downgraded to neutral.
• Sandvik beat quarterly estimates, reporting earnings of $0.48 per share versus $0.46 expected and revenue of $3.80 billion versus $3.70 billion expected.
• Yousif Capital Management opened a position of 5,686 shares, worth about $214,000. Institutional investors overall hold 0.74% of Sandvik stock.

Shares of Sandvik AB (OTCMKTS:SDVKY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages recently weighed in on SDVKY. Pareto Securities raised shares of Sandvik from a "hold" rating to a "buy" rating in a research note on Thursday, October 22nd. Nordea Equity Research upgraded Sandvik from a "hold" rating to a "buy" rating in a research note on Friday, October 23rd. Morgan Stanley upgraded shares of Sandvik to an "overweight" rating in a report on Monday, October 19th. BNP Paribas Exane downgraded Sandvik to a "neutral" rating in a report on Thursday, October 1st. Finally, Citigroup reiterated a "neutral" rating on shares of Sandvik in a report on Tuesday, September 29th.

Institutional Investors Weigh In On Sandvik

A hedge fund recently bought a new position in Sandvik stock. Yousif Capital Management LLC purchased a new position in shares of Sandvik AB (OTCMKTS:SDVKY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,686 shares of the industrial products company's stock, valued at approximately $214,000. Institutional investors own 0.74% of the company's stock.

Sandvik Stock Performance

OTCMKTS SDVKY opened at $36.03 on Monday. 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 stock has a market capitalization of $45.20 billion, a P/E ratio of 22.11, a P/E/G ratio of 0.88 and a beta of 1.51. Sandvik has a 52-week low of $28.71 and a 52-week high of $44.53. The firm has a 50-day moving average price of $37.39 and a 200 day moving average price of $39.36.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.70 billion. Sandvik had a return on equity of 20.30% and a net margin of 13.85%. Equities research analysts expect that Sandvik will post 1.72 EPS for the current year.

About Sandvik

Sandvik is a Sweden-based engineering group that develops equipment, tools, services and digital solutions for mining, infrastructure and manufacturing customers. Founded in 1862, the company has a long history in materials and industrial engineering.

Its business includes machinery and systems for mining and rock excavation, equipment and services for processing rock, and metal-cutting tools and tooling systems for industrial manufacturers. Sandvik also provides related aftermarket support and digital solutions, including technologies used in mining and manufacturing operations.

Headquartered in Stockholm, Sandvik serves customers across global markets through its operations and sales network.

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