Bank of America upgraded shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) from a neutral rating to a buy rating in a research note issued to investors on Tuesday.
A number of other research analysts also recently commented on the stock. Barclays reissued a sell rating on shares of SANDVIK AB/ADR in a research report on Sunday, December 9th. JPMorgan Chase & Co. raised shares of SANDVIK AB/ADR from an underweight rating to a neutral rating in a research report on Monday, December 3rd. BNP Paribas reissued an underperform rating on shares of SANDVIK AB/ADR in a research report on Tuesday, November 27th. Zacks Investment Research raised shares of SANDVIK AB/ADR from a sell rating to a hold rating in a research report on Saturday, October 27th. Finally, ValuEngine downgraded shares of SANDVIK AB/ADR from a hold rating to a sell rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $17.00.
SANDVIK AB/ADR stock opened at $15.13 on Tuesday. SANDVIK AB/ADR has a 1-year low of $13.23 and a 1-year high of $20.18. The firm has a market capitalization of $19.30 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 1.42, a current ratio of 2.37 and a debt-to-equity ratio of 0.51.
An institutional investor recently raised its position in SANDVIK AB/ADR stock. Scout Investments Inc. lifted its stake in shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 216,832 shares of the industrial products company’s stock after buying an additional 4,605 shares during the quarter. Scout Investments Inc.’s holdings in SANDVIK AB/ADR were worth $3,846,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.09% of the company’s stock.
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.
Further Reading: Systematic Risk
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