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Snap-On (NYSE:SNA) shares hit a new 52-week high during trading on Friday , Analyst Ratings News reports. The company traded as high as $119.19 and last traded at $118.54, with a volume of 94,610 shares trading hands. The stock had previously closed at $118.74.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of Snap-On in a research note on Friday, April 25th. They now have a $123.00 price target on the stock.

The stock has a 50-day moving average of $116.5 and a 200-day moving average of $110.8. The company has a market cap of $6.957 billion and a price-to-earnings ratio of 19.31.

Snap-On (NYSE:SNA) last released its earnings data on Thursday, April 17th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.08. The company had revenue of $787.50 million for the quarter, compared to the consensus estimate of $781.08 million. During the same quarter last year, the company posted $1.40 earnings per share. Snap-On’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Snap-On will post $6.65 earnings per share 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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