Sandvik AB (publ) (OTCMKTS:SDVKY) Lifted to Strong-Buy at Citigroup

Sandvik AB (publ) (OTCMKTS:SDVKY) was upgraded by analysts at Citigroup to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

Sandvik AB (publ) Price Performance

Sandvik AB (publ) stock opened at $20.53 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market cap of $25.75 billion, a P/E ratio of 21.17, a PEG ratio of 3.04 and a beta of 1.49. The company has a 50-day moving average price of $20.74 and a 200 day moving average price of $20.91. Sandvik AB has a 12-month low of $16.31 and a 12-month high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Friday, July 19th. The industrial products company reported $0.29 EPS 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 net margin of 10.36% and a return on equity of 16.82%. Sell-side analysts anticipate that Sandvik AB will post 1.26 earnings per share for the current year.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 46.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,314 shares of the industrial products company’s stock after buying an additional 1,375 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $96,000 at the end of the most recent quarter. 0.74% of the stock is owned by institutional investors.

Sandvik AB (publ) Company Profile

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.