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.


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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