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

Sanford C. Bernstein upgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from an underperform rating to a market perform rating in a research report released on Monday, Marketbeat.com reports.

Other research analysts have also recently issued research reports about the stock. Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Sandvik AB (publ) Stock Performance

Sandvik AB (publ) stock opened at $18.43 on Monday. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $19.81. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 3.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. Sandvik AB has a 1-year low of $17.76 and a 1-year high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. The business had revenue of $2.91 billion during the quarter. On average, analysts expect that Sandvik AB will post 1.02 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,425 shares of the industrial products company’s stock after buying an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. Institutional investors own 0.74% of the company’s stock.

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.