Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was upgraded by analysts at Barclays from a "strong sell" rating to a "strong-buy" rating in a report released on Wednesday, Zacks.com reports.
Separately, DNB Markets raised Sandvik AB (publ) from a "hold" rating to a "buy" rating in a research report on Thursday, June 13th.
View Our Latest Stock Report on Sandvik AB (publ)
Sandvik AB (publ) Trading Up 1.2 %
SDVKY stock traded up $0.25 during midday trading on Wednesday, reaching $21.21. The company's stock had a trading volume of 18,289 shares, compared to its average volume of 105,867. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.58. The stock has a fifty day simple moving average of $20.62 and a two-hundred day simple moving average of $20.97. Sandvik AB has a 1 year low of $16.31 and a 1 year high of $23.50. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.07 and a beta of 1.49.
Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last released its earnings results on Friday, July 19th. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.02). The business had revenue of $2.94 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.82% and a net margin of 10.36%. On average, equities research analysts predict that Sandvik AB will post 1.26 EPS for the current year.
Institutional Investors Weigh In On Sandvik AB (publ)
An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers grew its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,045 shares of the industrial products company's stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers' holdings in Sandvik AB (publ) were worth $543,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.74% of the company's stock.
Sandvik AB (publ) Company Profile
(
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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.
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