Sandvik AB (publ) (OTCMKTS:SDVKY) Stock Rating Upgraded by Barclays

Posted by ABMN Staff on Oct 13th, 2024

Barclays upgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) from a strong sell rating to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.

Separately, DNB Markets raised Sandvik AB (publ) from a hold rating to a buy rating in a report on Thursday, June 13th.

Read Our Latest Stock Report on Sandvik AB (publ)

Sandvik AB (publ) Stock Up 1.2 %

SDVKY opened at $21.21 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45. Sandvik AB has a 52 week low of $16.31 and a 52 week high of $23.50. The company has a market capitalization of $26.61 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 3.07 and a beta of 1.49. The firm has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $20.94.

Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) last posted its earnings results on Friday, July 19th. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). Sandvik AB (publ) had a return on equity of 16.82% and a net margin of 10.36%. The company had revenue of $2.94 billion for the quarter. Analysts forecast that Sandvik AB will post 1.26 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 increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) by 14.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) Company Profile

(Get Free Report)

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.