Stanley Black & Decker Price Target Lowered to $75.00 at JPMorgan Chase & Co. (SWK)
Stock analysts at JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker (NYSE:SWK) from $86.00 to $75.00 in a report issued on Friday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 2.80% from the company’s current price.
A number of other firms have also recently commented on SWK. Analysts at Credit Suisse downgraded shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $71.00 price target on the stock, down previously from $88.00. Separately, analysts at Macquarie downgraded shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Finally, analysts at Morgan Stanley downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday. They now have a $83.00 price target on the stock, down previously from $99.00. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.08.
Stanley Black & Decker (NYSE:SWK) traded up 3.75% on Friday, hitting $77.16. 4,525,426 shares of the company’s stock traded hands. Stanley Black & Decker has a 52 week low of $66.18 and a 52 week high of $92.76. The stock has a 50-day moving average of $88.38 and a 200-day moving average of $82.58. The company has a market cap of $12.352 billion and a P/E ratio of 13.75.
Stanley Black & Decker (NYSE:SWK) last released its earnings data on Wednesday, October 16th. The company reported $1.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.39. The company had revenue of $2.80 million for the quarter, compared to the consensus estimate of $2.81 million. During the same quarter last year, the company posted $1.40 earnings per share. Stanley Black & Decker’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker will post $5.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Friday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, December 4th.
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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