Sandvik AB (OTCMKTS:SDVKY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

SDVKY has been the subject of a number of recent research reports. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a report on Monday, December 8th. Zacks Research cut Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Citigroup reiterated a “buy” rating on shares of Sandvik in a report on Monday, January 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. Salomon & Ludwin LLC grew its stake in Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 857 shares of the industrial products company’s stock after buying an additional 835 shares during the period. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik Stock Up 6.8%

OTCMKTS:SDVKY opened at $38.46 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.94 and a quick ratio of 1.02. Sandvik has a 1-year low of $16.94 and a 1-year high of $44.43. The company has a 50-day moving average of $40.18 and a 200 day moving average of $33.97. The firm has a market cap of $48.24 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.41 and a beta of 1.48.

Sandvik (OTCMKTS:SDVKY) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sandvik had a net margin of 12.16% and a return on equity of 16.94%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.38 billion. As a group, research analysts anticipate that Sandvik will post 1.27 EPS for the current fiscal year.

Sandvik Company Profile

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.