Barclays Increases Stanley Black & Decker Price Target to $85.00 (SWK)
Research analysts at Barclays boosted their target price on shares of Stanley Black & Decker (NYSE:SWK) from $83.00 to $85.00 in a report released on Wednesday. Barclays’ target price suggests a potential downside of 3.37% from the stock’s previous close.
Shares of Stanley Black & Decker (NYSE:SWK) opened at 87.96 on Wednesday. Stanley Black & Decker has a one year low of $74.13 and a one year high of $92.76. The stock has a 50-day moving average of $87.24 and a 200-day moving average of $82.61. The company has a market cap of $13.727 billion and a P/E ratio of 24.41.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post $5.43 EPS for the current fiscal year.
SWK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Thursday, May 1st. They now have a $90.00 price target on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Stanley Black & Decker in a research note on Thursday, April 24th. They now have a $89.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.14.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.