BNP Paribas downgrades Sandvik as Sandvik stock sits 10.89 percent below its high

Published on 10/07/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted EBITA margin was 22.60 percent. Sandvik stock costs EUR 32.77 on October 7, 2026, plus 0.24 percent versus its EUR 32.69 prior close.

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Sandvik (ISIN SE0000667891) was trading at EUR 32.77 at Lang & Schwarz on October 7, 2026 at 10:11 a.m. CEST, plus 0.24 percent versus the prior close of EUR 32.69. On Nasdaq Stockholm, the SEK 368.10 quote stood 10.89 percent below the SEK 413.10 52-week high on October 7, 2026. On October 1, 2026, BNP Paribas downgraded Sandvik from Outperform to Neutral and set a SEK 405 price target, as Markets Insider reported.

BNP Paribas resets the target

The rating change gives Sandvik a more cautious analyst signal while leaving the target at SEK 405. That level is 10.02 percent above the SEK 368.10 Stockholm quote, a comparison that places the target above the current Swedish-market valuation.

The same Markets Insider report also lists recent target changes from Citi and JPMorgan, but BNP Paribas is the latest dated rating action in the cited coverage.

Q2 margin sets the operating baseline

Sandvik's investor-relations page reports 24.00 percent revenue growth at fixed exchange rates in Q2 2026, an adjusted EBITA margin of 22.60 percent and financial net debt to EBITDA of 1.00. The figures come from Sandvik.

The margin is the key counterweight to the rating change: it shows the profitability level management was reporting before the next quarterly update. For investors, the upcoming report must now show whether revenue growth and margin performance continue together.

Third-quarter report comes October 22

Sandvik will publish its third-quarter 2026 report on October 22, 2026, according to the company's invitation dated October 5, 2026. The release is scheduled for approximately 8:00 a.m. CET, with a webcast and conference call at 10:00 a.m. CET, as Sandvik said.

Analysts surveyed by finanzen.ch expect third-quarter earnings per share of SEK 4.53, compared with SEK 2.82 in the prior-year quarter, and revenue of SEK 36.58 billion versus SEK 29.22 billion. Those forecasts imply a 60.64 percent earnings increase and a 25.19 percent revenue increase for the quarter ended September 30, 2026.

Sandvik stock stays below its high

At Lang & Schwarz, Sandvik stock was trading at EUR 32.77 on October 7, 2026 at 10:11 a.m. CEST, plus 0.24 percent versus the EUR 32.69 prior close. The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.