Sandvik AB (SDVKY) – What Are Brokerages Thinking About This Stock?

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

SDVKY has been the subject of a number of analyst reports. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Sandvik in a research report on Thursday, June 18th. Berenberg Bank upgraded shares of Sandvik to a “hold” rating in a report on Thursday, August 27th. Kepler Capital Markets downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Sandvik in a research note on Tuesday, September 29th.

Sandvik Stock Performance

SDVKY opened at $36.21 on Thursday. 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 firm has a market cap 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 business has a fifty day simple moving average of $38.47 and a 200-day simple moving average of $39.50. Sandvik has a fifty-two week low of $28.35 and a fifty-two week high of $44.53.

Institutional Trading of Sandvik

A hedge fund recently raised its position in Sandvik stock. GAMMA Investing LLC grew its holdings in Sandvik AB (OTCMKTS:SDVKY) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & 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 SEC filing. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Sandvik Company Profile

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.