Sandvik AB (OTCMKTS:SDVKY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company.

Several brokerages have recently weighed in on SDVKY. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Nordea Equity Research upgraded Sandvik to a “hold” rating in a report on Wednesday, April 15th. Barclays restated an “overweight” rating on shares of Sandvik in a report on Wednesday, February 25th. Morgan Stanley downgraded shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. Finally, Citigroup lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Hedge Funds Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC grew its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 as of its most recent SEC filing. 0.74% of the stock is owned by institutional investors and hedge funds.

Sandvik Stock Performance

OTCMKTS:SDVKY opened at $42.57 on Friday. The firm’s fifty day simple moving average is $41.15 and its 200 day simple moving average is $38.55. The company has a current ratio of 1.96, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Sandvik has a twelve month low of $21.32 and a twelve month high of $44.53. The firm has a market capitalization of $53.40 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 1.32 and a beta of 1.50.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Sandvik had a return on equity of 16.92% and a net margin of 12.16%.The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. As a group, equities research analysts expect that Sandvik will post 1.69 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.