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

Key Points

• Analysts have rated Sandvik AB (OTCMKTS:SDVKY) with an average recommendation of "Moderate Buy," with varying ratings including one sell, two holds, two buys, and one strong buy.
• After trading hours, shares increased by 1.9%, reaching $28.85, while the company has a market cap of $36.19 billion.
• Sandvik's recent earnings report showed $0.31 earnings per share, matching the consensus estimate, with revenues of $3.04 billion for the quarter.

Shares of Sandvik AB (OTCMKTS:SDVKY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on SDVKY. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Sandvik in a report on Monday, September 29th. Barclays reissued an "overweight" rating on shares of Sandvik in a research report on Monday, September 8th. Finally, Pareto Securities downgraded shares of Sandvik from a "buy" rating to a "hold" rating in a research report on Sunday.

Sandvik Trading Up 1.9%

Shares of OTCMKTS SDVKY traded up $0.53 during trading hours on Friday, hitting $28.85. The company's stock had a trading volume of 16,002 shares, compared to its average volume of 20,775. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.62. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.50 and a beta of 1.60. Sandvik has a 12 month low of $16.94 and a 12 month high of $28.89. The business has a 50-day simple moving average of $26.00 and a 200-day simple moving average of $23.30.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last posted its earnings results on Wednesday, July 16th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $29.43 billion. Sandvik had a return on equity of 16.54% and a net margin of 11.89%. On average, analysts anticipate that Sandvik will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Sandvik by 3,893.3% in the 1st quarter. GAMMA Investing LLC now owns 117,242 shares of the industrial products company's stock worth $2,478,000 after purchasing an additional 114,306 shares in the last quarter. Rhumbline Advisers raised its position in shares of Sandvik by 13.9% during the 1st quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company's stock valued at $788,000 after buying an additional 4,562 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Sandvik by 15.9% during the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company's stock valued at $502,000 after buying an additional 3,030 shares in the last quarter. Institutional investors own 0.74% of the company's stock.

Sandvik Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.

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