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Oppenheimer analyst Christopher Glynn maintained a Buy rating on Snap-on (NYSE: SNA) today. The company’s shares opened today at $146.49, close to its 52-week low of $140.83.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.6% and a 63.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
Currently, the analyst consensus on Snap-on is Strong Buy and the average price target is $188.60, representing a 28.7% upside.
In a report issued on April 23, Northcoast Research also reiterated a Buy rating on the stock with a $178 price target.
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Snap-on’s market cap is currently $8.3B and has a P/E ratio of 14.73. The company has a Price to Book ratio of 2.69.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Thomas Kassouf, the Sr VP & Pres – Tools of SNA sold 96,000 shares for a total of $15,398,245.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
