After Robert W. Baird and Barrington gave Snap-on (NYSE: SNA) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Christopher Glynn assigned a Buy rating to Snap-on today. The company’s shares closed yesterday at $158.25.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 11.1% and a 68.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Snap-on with a $197.67 average price target, representing a 24.9% upside. In a report issued on July 16, Barrington also maintained a Buy rating on the stock.
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The company has a one-year high of $185.47 and a one-year low of $140.83. Currently, Snap-on has an average volume of 583.8K.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Last month, Irwin Shur, the VP, GC & Sec of SNA sold 14,000 shares for a total of $2,188,795.
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.
