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

Shares of Sandvik AB (publ) (OTCMKTS:SDVKYGet Rating) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $243.17.

Several analysts have issued reports on the company. Morgan Stanley cut their price target on Sandvik AB (publ) from SEK 251 to SEK 235 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Societe Generale lowered Sandvik AB (publ) from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Royal Bank of Canada raised Sandvik AB (publ) from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 29th. Credit Suisse Group dropped their price objective on Sandvik AB (publ) from SEK 230 to SEK 215 and set an “outperform” rating for the company in a research note on Tuesday, July 19th. Finally, UBS Group raised Sandvik AB (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, July 29th.

Institutional Investors Weigh In On Sandvik AB (publ)

A number of hedge funds have recently made changes to their positions in SDVKY. Fisher Asset Management LLC raised its position in Sandvik AB (publ) by 15.1% during the first quarter. Fisher Asset Management LLC now owns 9,565,163 shares of the industrial products company’s stock valued at $206,301,000 after purchasing an additional 1,253,749 shares during the period. Captrust Financial Advisors raised its holdings in shares of Sandvik AB (publ) by 15.6% in the second quarter. Captrust Financial Advisors now owns 8,385 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,131 shares during the period. Finally, Mitchell Capital Management Co. raised its holdings in shares of Sandvik AB (publ) by 4.2% in the first quarter. Mitchell Capital Management Co. now owns 18,235 shares of the industrial products company’s stock worth $387,000 after buying an additional 728 shares during the period.

Sandvik AB (publ) Stock Down 0.1 %

Sandvik AB (publ) stock opened at $15.31 on Monday. The stock has a market cap of $19.20 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 5.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 1.42. Sandvik AB has a one year low of $14.85 and a one year high of $29.06. The stock has a fifty day moving average of $16.96 and a 200 day moving average of $18.78.

Sandvik AB (publ) (OTCMKTS:SDVKYGet Rating) last posted its quarterly earnings data on Friday, July 15th. The industrial products company reported $0.24 EPS for the quarter. The company had revenue of $2.75 billion during the quarter. Sandvik AB (publ) had a return on equity of 18.36% and a net margin of 14.64%. As a group, sell-side analysts predict that Sandvik AB will post 1.13 EPS for the current year.

About Sandvik AB (publ)

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Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company offers mining and rock solutions, including drill rigs, underground loaders and trucks, rock drills and other tools, and parts and services, as well as digital and sustainability solutions; and rock processing applications, which include crushing, screening, feeding, breaking, demolition, and recycling.

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Analyst Recommendations for Sandvik AB (publ) (OTCMKTS:SDVKY)

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