SANDVIK AB/ADR (SDVKY) Given Average Recommendation of “Hold” by Brokerages

SANDVIK AB/ADR (OTCMKTS:SDVKY) has earned an average recommendation of “Hold” from the six analysts that are covering the company, reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company.

SDVKY has been the subject of several research reports. Zacks Investment Research upgraded shares of SANDVIK AB/ADR from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. JPMorgan Chase & Co. upgraded shares of SANDVIK AB/ADR from an “underweight” rating to a “neutral” rating in a research report on Monday, December 3rd. ValuEngine downgraded shares of SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Barclays downgraded shares of SANDVIK AB/ADR from an “equal weight” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, BNP Paribas reiterated an “underperform” rating on shares of SANDVIK AB/ADR in a research report on Tuesday, November 27th.

A hedge fund recently raised its stake in SANDVIK AB/ADR stock. Scout Investments Inc. increased its holdings in SANDVIK AB/ADR (OTCMKTS:SDVKY) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,832 shares of the industrial products company’s stock after buying 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 Securities and Exchange Commission. Hedge funds and other institutional investors own 0.09% of the company’s stock.

SDVKY stock traded down $0.41 during mid-day trading on Monday, hitting $13.90. 49,265 shares of the company were exchanged, compared to its average volume of 46,333. The company has a quick ratio of 1.42, a current ratio of 2.37 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $17.95 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. SANDVIK AB/ADR has a 1-year low of $13.78 and a 1-year high of $20.18.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last issued its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $2.81 billion during the quarter. SANDVIK AB/ADR had a net margin of 16.95% and a return on equity of 25.20%. As a group, research analysts expect that SANDVIK AB/ADR will post 1.18 EPS for the current year.


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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