Snap-On Stock Rating Upgraded by Janney Montgomery Scott (SNA)
Snap-On (NYSE:SNA) was upgraded by stock analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $114.00 price target on the stock, up from their previous price target of $96.00. Janney Montgomery Scott’s price target points to a potential upside of 16.31% from the stock’s previous close.
Shares of Snap-On (NYSE:SNA) traded up 1.35% on Wednesday, hitting $99.33. 29,340 shares of the company’s stock traded hands. Snap-On has a 1-year low of $70.21 and a 1-year high of $99.11. The stock has a 50-day moving average of $95. and a 200-day moving average of $89.08. The company has a market cap of $5.778 billion and a P/E ratio of 17.53.
Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 18th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.45 by $0.05. The company had revenue of $764.10 million for the quarter, compared to the consensus estimate of $755.31 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Snap-On will post $5.94 EPS for the current fiscal year.
SNA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Snap-On (NYSE:SNA) in a research note to investors on Monday, August 5th. They now have a $101.00 price target on the stock.
Snap-on Incorporated (NYSE:SNA) is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users.
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