SANDVIK AB/ADR (OTCMKTS:SDVKY) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Monday, Marketbeat reports.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded SANDVIK AB/ADR from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, September 4th. BNP Paribas reiterated an “underperform” rating on shares of SANDVIK AB/ADR in a research note on Tuesday, November 27th. Barclays lowered SANDVIK AB/ADR from an “equal weight” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, ValuEngine lowered SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.00.
SANDVIK AB/ADR stock opened at $14.66 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.42 and a current ratio of 2.37. The stock has a market capitalization of $18.67 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. SANDVIK AB/ADR has a 52 week low of $14.24 and a 52 week high of $20.18.
An institutional investor recently raised its position in SANDVIK AB/ADR stock. Scout Investments Inc. boosted its position in shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,832 shares of the industrial products company’s stock after acquiring an additional 4,605 shares during the period. Scout Investments Inc.’s holdings in SANDVIK AB/ADR were worth $3,846,000 at the end of the most recent quarter. 0.09% of the stock is currently owned by hedge funds and other institutional investors.
SANDVIK AB/ADR Company Profile
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; and mining and rock excavation equipment and tools, such as stationary and mobile crushers and screens, underground drill rigs and bolters, surface drill rigs, exploration drill rigs and tools, underground loaders and trucks, mechanical cutting equipment, rock tools, rock drills, mining automation systems, bulk materials handling equipment, conveyor components, and parts and services, as well as breakers, demolition tools, and booms.
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