Shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company.
A number of brokerages have weighed in on SDVKY. ValuEngine raised SANDVIK AB/ADR from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised SANDVIK AB/ADR from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, April 24th.
SDVKY opened at $18.19 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.35. SANDVIK AB/ADR has a 1-year low of $13.23 and a 1-year high of $19.05.
An institutional investor recently raised its position in SANDVIK AB/ADR stock. Parametric Portfolio Associates LLC increased its position in SANDVIK AB/ADR (OTCMKTS:SDVKY) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,322,376 shares of the industrial products company’s stock after buying an additional 109,485 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.11% of SANDVIK AB/ADR worth $21,548,000 as of its most recent filing with the Securities and Exchange Commission.
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.
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