Stanley Black & Decker Upgraded by KeyCorp to Buy (SWK)
Stanley Black & Decker (NYSE:SWK) was upgraded by equities researchers at KeyCorp from a “hold” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Stanley Black & Decker (NYSE:SWK) traded up 2.56% during mid-day trading on Tuesday, hitting $82.20. The stock had a trading volume of 2,172,878 shares. Stanley Black & Decker has a 52 week low of $73.77 and a 52 week high of $92.76. The stock’s 50-day moving average is $80.49 and its 200-day moving average is $83.56. The company has a market cap of $12.759 billion and a price-to-earnings ratio of 13.85.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker will post $4.95 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SWK. Analysts at Zacks upgraded shares of Stanley Black & Decker from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $85.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Stanley Black & Decker from $95.00 to $89.00 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Stanley Black & Decker in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $71.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.00.
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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