Barrington analyst Gary Prestopino maintained a Buy rating on Snap-on (SNA) today. The company’s shares opened today at $154.04.
Prestopino wrote:
“We believe that Snap-on continues to have a favorable outlook due to the aging of the car parc as well as technological complexity of newer vehicles on the road coupled with its solid brand franchise in the market. We acknowledge that the company is facing some headwinds related to the OEM dealership and U.K. markets, while FX will have a negative impact over the first six months of 2019.”
According to TipRanks.com, Prestopino ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.9% and a 41.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Payment Data Systems Inc, US Auto Parts Network, and Liquidity Services.
Currently, the analyst consensus on Snap-on is a Strong Buy with an average price target of $180.33, a 17.1% upside from current levels. In a report issued on February 7, Oppenheimer also assigned a Buy rating to the stock with a $190 price target.
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Snap-on’s market cap is currently $8.6B and has a P/E ratio of 12.89. The company has a Price to Book ratio of 2.72.
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Snap-On, Inc. engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. It operates through following segments: Commercial and Industrial Group; Snap-On Tools Group; Repair Systems and Information Group; and Financial Services.
