Sandvik AB (publ) (OTCMKTS:SDVKY) Stock Rating Lowered by UBS Group

UBS Group cut shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from a neutral rating to a sell rating in a research report released on Wednesday morning, MarketBeat reports.

A number of other analysts have also commented on the company. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th.

Sandvik AB (publ) Price Performance

SDVKY opened at $19.78 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.58 and a quick ratio of 0.85. The stock has a market capitalization of $24.81 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 2.98 and a beta of 1.49. The company’s 50 day simple moving average is $20.80 and its 200-day simple moving average is $20.82. Sandvik AB has a one year low of $16.55 and a one year high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.56% and a net margin of 9.93%. Sell-side analysts anticipate that Sandvik AB will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,425 shares of the industrial products company’s stock after purchasing an additional 564 shares during the quarter. 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 currently owned by 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.