Sandvik AB (publ) (OTCMKTS:SDVKY) PT Raised to SEK 290 at Credit Suisse Group

Sandvik AB (publ) (OTCMKTS:SDVKY) had its price objective increased by Credit Suisse Group from SEK 275 to SEK 290 in a report released on Thursday, The Fly reports.

A number of other equities analysts have also issued reports on SDVKY. Sanford C. Bernstein started coverage on shares of Sandvik AB (publ) in a research report on Tuesday, December 7th. They set an “outperform” rating on the stock. Exane BNP Paribas raised shares of Sandvik AB (publ) from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 17th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Sandvik AB (publ) in a research report on Tuesday, October 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik AB (publ) in a research report on Wednesday, September 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sandvik AB (publ) from SEK 270 to SEK 285 and gave the company a “sell” rating in a report on Friday, January 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $201.33.

Shares of OTCMKTS SDVKY opened at $27.66 on Thursday. The company has a market capitalization of $34.69 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. The business’s 50-day moving average price is $26.69 and its two-hundred day moving average price is $25.77. Sandvik AB has a one year low of $22.64 and a one year high of $29.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 0.92.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its earnings results on Monday, October 18th. The industrial products company reported $0.35 earnings per share for the quarter. Sandvik AB (publ) had a return on equity of 20.04% and a net margin of 14.32%. The firm had revenue of $2.87 billion during the quarter. On average, equities analysts anticipate that Sandvik AB will post 1.26 EPS for the current year.

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of Sandvik AB (publ) in the 3rd quarter valued at $52,000. Scout Investments Inc. acquired a new stake in shares of Sandvik AB (publ) in the 3rd quarter valued at $3,428,000. Parametric Portfolio Associates LLC boosted its stake in shares of Sandvik AB (publ) by 3.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,844,075 shares of the industrial products company’s stock valued at $47,301,000 after purchasing an additional 59,435 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Sandvik AB (publ) by 37.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,911,901 shares of the industrial products company’s stock valued at $158,961,000 after purchasing an additional 1,881,019 shares in the last quarter. Institutional investors own 0.57% of the company’s stock.

About Sandvik AB (publ)

Sandvik AB engages in the development, manufacture, and sale of tools, equipment, and tooling systems for the mining and construction industries. It operates through the following segments: Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology, and Other Operations.

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