Snap-On PT Raised to $125.00 at Robert W. Baird (SNA)
Equities research analysts at Robert W. Baird hoisted their price target on shares of Snap-On (NYSE:SNA) from $118.00 to $125.00 in a research note issued to investors on Friday, Stock Ratings News reports. Robert W. Baird’s target price points to a potential upside of 15.04% from the stock’s previous close.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Snap-On in a research note to investors on Monday, January 27th. They now have a $105.00 price target on the stock.
Shares of Snap-On (NYSE:SNA) traded up 3.36% on Friday, hitting $108.66. 657,693 shares of the company’s stock traded hands. Snap-On has a 52-week low of $76.67 and a 52-week high of $109.74. The stock has a 50-day moving average of $105.1 and a 200-day moving average of $101.4. The company has a market cap of $6.318 billion and a price-to-earnings ratio of 18.25.
Snap-On (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.04. The company had revenue of $797.50 million for the quarter, compared to the consensus estimate of $779.57 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that Snap-On will post $6.56 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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