Snap-on (NYSE:SNA) has been given a $205.00 target price by research analysts at B. Riley in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 25.15% from the company’s previous close.
SNA has been the subject of several other reports. FBR & Co reaffirmed a “buy” rating and set a $205.00 price target on shares of Snap-on in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “hold” rating and set a $175.00 price target on shares of Snap-on in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Oppenheimer reaffirmed a “buy” rating and set a $177.00 price target on shares of Snap-on in a research note on Thursday, October 19th. Finally, Barrington Research raised shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $196.63.
Shares of Snap-on (SNA) traded down $2.83 on Thursday, hitting $163.80. 288,897 shares of the stock traded hands, compared to its average volume of 630,967. The company has a market cap of $9,524.19, a PE ratio of 16.46, a P/E/G ratio of 1.27 and a beta of 1.09. Snap-on has a one year low of $140.83 and a one year high of $185.47. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26.
In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in SNA. Amica Retiree Medical Trust acquired a new stake in Snap-on during the 3rd quarter valued at $165,000. Glenview State Bank Trust DEPT. acquired a new position in shares of Snap-on in the fourth quarter worth approximately $206,000. Jacobi Capital Management LLC acquired a new position in shares of Snap-on in the third quarter worth approximately $215,000. Visionary Asset Management Inc. acquired a new position in shares of Snap-on in the third quarter worth approximately $215,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Snap-on by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock worth $222,000 after acquiring an additional 23 shares during the period. 99.98% of the stock is owned by institutional investors and hedge funds.
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Snap-on Company Profile
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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