Snap-On Inc. Sets New 1-Year High at $101.87 (SNA)
Snap-On (NYSE:SNA) set a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $101.87 and last traded at $101.43, with a volume of 512,344 shares. The stock had previously closed at $100.40.
A number of analysts have recently weighed in on SNA shares. Analysts at Robert W. Baird raised their price target on shares of Snap-On from $112.00 to $118.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Snap-On from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 11th. They now have a $114.00 price target on the stock, up previously from $96.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Snap-On in a research note to investors on Monday, August 5th. They now have a $101.00 price target on the stock.
Snap-On has a 1-year low of $73.79 and a 1-year high of $101.87. The stock has a 50-day moving average of $98.57 and a 200-day moving average of $92.5. The company has a market cap of $5.909 billion and a P/E ratio of 17.96.
Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.01. The company had revenue of $753.20 million for the quarter, compared to the consensus estimate of $754.03 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Snap-On will post $5.95 EPS for the current fiscal year.
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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