We believe that Sandvik AB (SDVKY - Free Report) is a solid choice for investors seeking exposure in the machinery space. Strengthening segmental businesses, initiatives to tap business opportunities and inorganic actions bode well.
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 7.
Why the Upgrade?
Sentiments have been positive for Sandvik since the beginning of the year. Its shares have yielded 42.7% return year to date, outperforming 30.8% gain recorded by the industry it belongs to.
Also, the stock’s earnings estimates for 2017 have been revised upward by 6.4% to 83 cents per share while that for 2018 have increased 7.2% to 89 cents. Also, these estimates represent year-over-year growth of 28.9% for 2017 and 7.3% for 2018.
Sandvik AB Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
We believe that Sandvik AB (SDVKY - Free Report) is a solid choice for investors seeking exposure in the machinery space. Strengthening segmental businesses, initiatives to tap business opportunities and inorganic actions bode well.
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 7.
Why the Upgrade?
Sentiments have been positive for Sandvik since the beginning of the year. Its shares have yielded 42.7% return year to date, outperforming 30.8% gain recorded by the industry it belongs to.
Also, the stock’s earnings estimates for 2017 have been revised upward by 6.4% to 83 cents per share while that for 2018 have increased 7.2% to 89 cents. Also, these estimates represent year-over-year growth of 28.9% for 2017 and 7.3% for 2018.
Sandvik AB Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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