SANDVIK AB/ADR (OTCMKTS:SDVKY) Receives Consensus Rating of “Hold” from Brokerages

SANDVIK AB/ADR (OTCMKTS:SDVKY) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company.

SDVKY has been the topic of several research reports. Zacks Investment Research downgraded SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded SANDVIK AB/ADR from a “sell” rating to a “hold” rating in a report on Saturday, September 14th.

Shares of SDVKY stock traded up $0.05 on Friday, reaching $14.81. 12,652 shares of the company’s stock were exchanged, compared to its average volume of 43,912. SANDVIK AB/ADR has a 52 week low of $13.23 and a 52 week high of $19.05. The company has a current ratio of 2.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $18.94 billion, a PE ratio of 12.34, a P/E/G ratio of 1.94 and a beta of 1.27. The company’s fifty day simple moving average is $15.01 and its 200 day simple moving average is $16.45.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last issued its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). SANDVIK AB/ADR had a return on equity of 22.89% and a net margin of 12.97%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. As a group, sell-side analysts predict that SANDVIK AB/ADR will post 1.09 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in SANDVIK AB/ADR stock. Scout Investments Inc. boosted its position in shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,125 shares of the industrial products company’s stock after purchasing an additional 7,402 shares during the quarter. Scout Investments Inc.’s holdings in SANDVIK AB/ADR were worth $3,900,000 as of its most recent filing with the Securities & Exchange Commission. 0.13% of the stock is owned by institutional investors and hedge funds.

About SANDVIK AB/ADR

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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