Shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded SANDVIK AB/ADR from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, September 4th. Barclays cut SANDVIK AB/ADR from an “equal weight” rating to a “sell” rating in a research note on Wednesday, October 3rd. ValuEngine cut SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. BNP Paribas restated an “underperform” rating on shares of SANDVIK AB/ADR in a research note on Tuesday, November 27th. Finally, JPMorgan Chase & Co. upgraded SANDVIK AB/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday.
Shares of OTCMKTS:SDVKY traded down $0.51 during trading on Monday, hitting $14.14. 17,522 shares of the company’s stock traded hands, compared to its average volume of 42,699. SANDVIK AB/ADR has a 52 week low of $14.24 and a 52 week high of $20.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.37 and a quick ratio of 1.42. The stock has a market capitalization of $18.38 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05.
SANDVIK AB/ADR (OTCMKTS:SDVKY) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $0.35 earnings per share for the quarter. SANDVIK AB/ADR had a return on equity of 25.20% and a net margin of 16.95%. The business had revenue of $2.81 billion for the quarter. On average, research analysts expect that SANDVIK AB/ADR will post 1.18 earnings per share for the current year.
An institutional investor recently raised its position in SANDVIK AB/ADR stock. Scout Investments Inc. raised its position in SANDVIK AB/ADR (OTCMKTS:SDVKY) by 2.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 216,832 shares of the industrial products company’s stock after acquiring an additional 4,605 shares during the period. Scout Investments Inc.’s holdings in SANDVIK AB/ADR were worth $3,846,000 as of its most recent filing with the SEC. 0.09% of the stock is owned by institutional investors.
SANDVIK AB/ADR Company Profile
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; and mining and rock excavation equipment and tools, such as stationary and mobile crushers and screens, underground drill rigs and bolters, surface drill rigs, exploration drill rigs and tools, underground loaders and trucks, mechanical cutting equipment, rock tools, rock drills, mining automation systems, bulk materials handling equipment, conveyor components, and parts and services, as well as breakers, demolition tools, and booms.
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