Sandvik (OTCMKTS:SDVKY) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, April 2nd.
Separately, Zacks Investment Research raised Sandvik from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th.
OTCMKTS:SDVKY traded up $0.21 on Monday, hitting $19.05. The stock had a trading volume of 186,635 shares, compared to its average volume of 34,173. The stock has a market capitalization of $23,444.48, a price-to-earnings ratio of 20.26, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 2.32. Sandvik has a 52-week low of $14.45 and a 52-week high of $20.18.
Sandvik (OTCMKTS:SDVKY) last announced its earnings results on Monday, February 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. Sandvik had a return on equity of 22.82% and a net margin of 14.54%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.64 billion. equities analysts forecast that Sandvik will post 1.11 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Sandvik stock. Parametric Portfolio Associates LLC boosted its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 735,941 shares of the industrial products company’s stock after purchasing an additional 76,252 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.06% of Sandvik worth $12,761,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.17% of the company’s stock.
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Sandvik Company Profile
Sandvik AB (publ) operates as an engineering company in the areas of rock excavation, metal-cutting, and materials technology worldwide. The company offers construction equipment and tools, including breakers and demolition tools, mobile and stationary crushers and screens, rock tools, spare and wear parts, surface drill rigs, and tunneling equipment.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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