Sandvik AB (publ) (OTCMKTS:SDVKY – Get Rating) has received a consensus rating of “Moderate Buy” from the twelve research firms that currently cover the business, MarketBeat Ratings reports. Two investment analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 1-year average price target among brokers who updated their coverage on the stock in the past year is $224.83.
A number of brokerages have commented on SDVKY. Royal Bank of Canada upgraded Sandvik AB (publ) from an “sector outperforming” rating to an “outperforming” rating in a Wednesday, June 29 research report. Credit Suisse Group reduced its price target on Sandvik AB (publ) from SEK 230 to SEK 215 and set an “outperform” rating for the company in a research note on Tuesday July 19. Societe Generale downgraded Sandvik AB (publ) from a “buy” rating to a “hold” rating in a Tuesday, July 12 research note. Berenberg Bank lowered its price target on Sandvik AB (publ) from SEK 215 to SEK 185 and set a “buy” rating for the company in a Tuesday, October 4 research note. Finally, Morgan Stanley upgraded Sandvik AB (publ) from an “equal weight” rating to an “overweight” rating in a Monday, October 3 report.
Hedge funds weigh on Sandvik AB (publ)
Major investors have recently been buying and selling shares of the company. Captrust Financial Advisors increased its stake in Sandvik AB (publ) by 15.6% in the second quarter. Captrust Financial Advisors now owns 8,385 shares of the industrial products company valued at $136,000 after acquiring 1,131 additional shares last quarter. Fisher Asset Management LLC increased its stake in Sandvik AB (publ) by 15.1% in the first quarter. Fisher Asset Management LLC now owns 9,565,163 shares of the industrial products company valued at $206,301,000 after acquiring an additional 1,253,749 shares last quarter. Finally, Mitchell Capital Management Co. increased its stake in Sandvik AB (publ) by 4.2% in the first quarter. Mitchell Capital Management Co. now owns 18,235 shares of the industrial products company valued at $387,000 after acquiring 728 additional shares last quarter.
Sandvik AB (publ) trades up 3.3%
SDVKY opened at $14.05 on Friday. The stock’s fifty-day moving average is $15.83 and its two-hundred-day moving average is $17.77. The company has a market capitalization of $17.62 billion, a P/E ratio of 10.33, a PEG ratio of 4.69 and a beta of 1.42. Sandvik AB has a 52-week low of $12.81 and a 52-week high of $29.06. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt ratio of 0.53.
Sandvik AB (publ) (OTCMKTS:SDVKY – Get Rating) last released its quarterly earnings data on Friday July 15th. The industrial products company reported EPS of $0.24 for the quarter. The company posted revenue of $2.75 billion for the quarter. Sandvik AB (publ) achieved a return on equity of 18.36% and a net margin of 14.64%. Analysts expect Sandvik AB to post 1.11 earnings per share for the current year.
Sandvik AB (publ) Dividend announcement
The company also recently disclosed a dividend, which was paid on Monday, October 3. Shareholders of record on Monday, September 26 received a dividend of $0.669 per share. This represents a dividend yield of 6.7%. The ex-dividend date was Friday, September 23. The dividend payout rate of Sandvik AB (publ) is currently 27.94%.
Company profile Sandvik AB (pub)
(Get a rating)
Sandvik AB (publ) operates as an engineering company in the fields of mining and rock excavation, rock processing, fabrication and machining, and materials technology in Sweden and internationally. The Company offers mining and rock solutions, including underground drill rigs, loaders and trucks, rock drills and other tools, parts and services, as well as digital and sustainability solutions; and rock processing applications, which include crushing, screening, feeding, crushing, demolition and recycling.
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