Stanley Black & Decker Price Target Raised to $93.00 at Imperial Capital (SWK)
Investment analysts at Imperial Capital raised their price target on shares of Stanley Black & Decker (NYSE:SWK) from $87.00 to $93.00 in a note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price would indicate a potential upside of 2.66% from the company’s current price.
A number of other analysts have also recently weighed in on SWK. Analysts at Gabelli initiated coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Separately, analysts at KeyCorp downgraded shares of Stanley Black & Decker (NYSE:SWK) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Stanley Black & Decker (NYSE:SWK) in a research note to investors on Thursday, August 1st. They now have a $89.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $88.22.
In other Stanley Black & Decker news, SVP Jeffrey Ansell unloaded 1,250 shares of the company’s stock on the open market in a transaction dated Thursday, September 19th. The stock was sold at an average price of $92.05, for a total value of $115,062.50. Following the sale, the senior vice president now directly owns 78,238 shares in the company, valued at approximately $7,201,808. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Stanley Black & Decker (NYSE:SWK) traded down 0.53% during mid-day trading on Monday, hitting $90.11. The stock had a trading volume of 62,532 shares. Stanley Black & Decker has a 1-year low of $66.18 and a 1-year high of $92.36. The stock has a 50-day moving average of $88.00 and a 200-day moving average of $81.86. The company has a market cap of $14.425 billion and a P/E ratio of 16.75.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.01. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post $5.44 EPS for the current fiscal year.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
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