SANDVIK AB/ADR (OTCMKTS:SDVKY) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) from a sell rating to a hold rating in a research report sent to investors on Saturday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of SANDVIK AB/ADR from a hold rating to a sell rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $20.00.

Shares of OTCMKTS SDVKY opened at $16.38 on Friday. SANDVIK AB/ADR has a twelve month low of $13.23 and a twelve month high of $19.05. The firm has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $16.51. The company has a market capitalization of $21.07 billion, a PE ratio of 13.65, a P/E/G ratio of 2.16 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 2.07 and a debt-to-equity ratio of 0.41.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last announced its earnings results on Wednesday, July 17th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. SANDVIK AB/ADR had a return on equity of 22.89% and a net margin of 12.97%. As a group, equities analysts expect that SANDVIK AB/ADR will post 1.11 earnings per share for the current fiscal year.

An institutional investor recently raised its position in SANDVIK AB/ADR stock. Parametric Portfolio Associates LLC boosted its stake in SANDVIK AB/ADR (OTCMKTS:SDVKY) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,343,122 shares of the industrial products company’s stock after purchasing an additional 20,746 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.11% of SANDVIK AB/ADR worth $24,680,000 as of its most recent SEC filing. 0.13% of the stock is owned by hedge funds and other institutional investors.

SANDVIK AB/ADR Company Profile

Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.

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