Sandvik AB (publ) (OTCMKTS:SDVKY) Raised to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from an underperform rating to a market perform rating in a research note released on Monday, Marketbeat reports.

A number of other analysts have also recently weighed in on SDVKY. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Sandvik AB (publ) Stock Up 0.7 %

SDVKY stock opened at $18.43 on Monday. The company’s 50 day moving average price is $18.66 and its 200 day moving average price is $19.81. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.25 and a beta of 1.46. Sandvik AB has a fifty-two week low of $17.76 and a fifty-two week high of $23.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $2.91 billion during the quarter. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. On average, equities research analysts anticipate that Sandvik AB will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,425 shares of the industrial products company’s stock after purchasing an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 at the end of the most recent quarter. Institutional investors own 0.74% of the company’s stock.

About Sandvik AB (publ)

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.