Sandvik AB (publ) (OTCMKTS:SDVKY) Upgraded at Sanford C. Bernstein

Sandvik AB (publ) (OTCMKTS:SDVKY) was upgraded by research analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a report issued on Monday,Briefing.com Automated Import reports.

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

Sandvik AB (publ) Stock Up 0.3 %

Shares of OTCMKTS SDVKY opened at $18.05 on Monday. Sandvik AB has a 52 week low of $17.76 and a 52 week high of $23.50. The stock’s fifty day moving average is $18.76 and its 200 day moving average is $19.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. The stock has a market capitalization of $22.64 billion, a P/E ratio of 19.41, a PEG ratio of 3.25 and a beta of 1.46.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its earnings results on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The firm had revenue of $2.91 billion during the quarter. Sell-side analysts forecast that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC grew its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,425 shares of the industrial products company’s stock after acquiring an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik AB (publ) Company Profile

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.