Sandvik AB (publ) (OTCMKTS:SDVKY) Rating Increased to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from an underperform rating to a market perform rating in a research report released on Monday morning, MarketBeat.com reports.

SDVKY has been the subject of a number of other research reports. Barclays raised Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Trading Up 1.7 %

SDVKY opened at $18.36 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. Sandvik AB has a 52 week low of $17.76 and a 52 week high of $23.50. The stock has a market cap of $23.03 billion, a PE ratio of 19.74, a PEG ratio of 3.25 and a beta of 1.46. The business has a 50 day moving average of $18.72 and a 200-day moving average of $19.84.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.91 billion for the quarter. Equities research analysts predict that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC grew its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,425 shares of the industrial products company’s stock after acquiring an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.74% of the company’s stock.

About Sandvik AB (publ)

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.