Sandvik AB (publ) (OTCMKTS:SDVKY) Upgraded at Sanford C. Bernstein

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was upgraded by equities research analysts at Sanford C. Bernstein from an "underperform" rating to a "market perform" rating in a note issued to investors on Monday, Marketbeat reports.

Other equities analysts have also recently issued reports about the company. UBS Group cut Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Sandvik AB (publ) to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Barclays upgraded shares of Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Sandvik AB (publ) Stock Up 1.7 %

SDVKY traded up $0.31 during midday trading on Monday, hitting $18.36. The company had a trading volume of 146,437 shares, compared to its average volume of 133,612. The company has a market capitalization of $23.03 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 3.25 and a beta of 1.46. The stock's 50 day moving average price is $18.72 and its 200 day moving average price is $19.84. 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.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.91 billion for the quarter. On average, research analysts anticipate that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,425 shares of the industrial products company's stock after buying an additional 564 shares during the period. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. 0.74% of the stock is currently owned by institutional investors and hedge funds.

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.