SANDVIK AB/ADR (OTCMKTS:SDVKY) Receives $20.00 Consensus PT from Analysts

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Shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.00.

SDVKY has been the subject of a number of research reports. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of SANDVIK AB/ADR by 39.9% during the first quarter. Quadrant Capital Group LLC now owns 15,533 shares of the industrial products company’s stock worth $249,000 after buying an additional 4,430 shares in the last quarter. Scout Investments Inc. lifted its holdings in shares of SANDVIK AB/ADR by 3.6% during the second quarter. Scout Investments Inc. now owns 212,125 shares of the industrial products company’s stock worth $3,900,000 after buying an additional 7,402 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of SANDVIK AB/ADR by 9.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,322,376 shares of the industrial products company’s stock worth $21,548,000 after buying an additional 109,485 shares in the last quarter. 0.12% of the stock is owned by institutional investors.

SANDVIK AB/ADR stock traded up $0.05 during mid-day trading on Tuesday, hitting $16.08. 321,529 shares of the company’s stock traded hands, compared to its average volume of 81,569. The company has a 50 day moving average of $17.19. SANDVIK AB/ADR has a fifty-two week low of $13.23 and a fifty-two week high of $19.05. The stock has a market capitalization of $20.17 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 2.17.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). SANDVIK AB/ADR had a net margin of 12.97% and a return on equity of 22.71%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. Equities research analysts forecast that SANDVIK AB/ADR will post 1.14 EPS for the current year.

About SANDVIK AB/ADR

Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.

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