Sandvik AB (OTCMKTS:SDVKY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Nine research firms give Sandvik an average rating of "Moderate Buy" (4 hold, 4 buy, 1 strong buy), though several firms including Jefferies, Zacks and Morgan Stanley have recently downgraded the stock while Barclays and Citigroup remain positive.
• Recent results: Sandvik reported $0.36 EPS (missing consensus by $0.01) and revenue of $3.64 billion (beating estimates), with analysts projecting roughly $1.27 EPS for the current fiscal year.
• Market profile: SDVKY trades around $36.29 with a 52-week range of $16.94–$44.43, a market cap near $45.5 billion and a P/E of about 30, while institutional ownership is low at roughly 0.74% despite a small recent position increase by Salomon & Ludwin LLC.

Sandvik AB (OTCMKTS:SDVKY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Several equities analysts recently weighed in on SDVKY shares. Jefferies Financial Group lowered shares of Sandvik from a "strong-buy" rating to a "hold" rating in a research report on Sunday, January 25th. Barclays restated an "overweight" rating on shares of Sandvik in a research note on Wednesday, February 25th. Zacks Research downgraded shares of Sandvik from a "strong-buy" rating to a "hold" rating in a report on Monday, February 16th. Citigroup reiterated a "buy" rating on shares of Sandvik in a report on Monday, January 12th. Finally, Morgan Stanley downgraded shares of Sandvik from an "overweight" rating to an "equal weight" rating in a research report on Thursday, March 12th.

Institutional Inflows and Outflows

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

Sandvik Stock Performance

Shares of SDVKY stock opened at $36.29 on Friday. Sandvik has a fifty-two week low of $16.94 and a fifty-two week high of $44.43. The stock's 50-day moving average is $40.10 and its two-hundred day moving average is $33.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.94 and a quick ratio of 1.02. The firm has a market cap of $45.52 billion, a P/E ratio of 29.99, a PEG ratio of 1.55 and a beta of 1.48.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.38 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.94%. Analysts predict 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.

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