Tigress Financial Thinks Snap-on’s Stock is Going to Recover


In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Snap-on (NYSE: SNA). The company’s shares opened today at $149.11, close to its 52-week low of $141.63.

According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 17.1% and a 65.5% success rate. Feinseth covers the Services sector, focusing on stocks such as Nordstrom Inc, Walt Disney, and Yum! Brands.

Snap-on has an analyst consensus of Strong Buy, with a price target consensus of $192.07, which is a 28.8% upside from current levels. In a report issued on October 19, Robert W. Baird also maintained a Buy rating on the stock with a $190 price target.

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Based on Snap-on’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $163 million. In comparison, last year the company had a net profit of $133 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Aldo John Pagliari, the Sr VP – Finance & CFO of SNA sold 6,480 shares for a total of $1,152,727.

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.

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