Snap-on (SNA) received a Buy rating and a $195.00 price target from Barrington analyst Gary Prestopino today. The company’s shares closed last Thursday at $190.39, close to its 52-week high of $193.02.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 36.3% and a 60.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Liquidity Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snap-on with a $190.00 average price target, implying a 0.7% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $185.00 price target.
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Snap-on’s market cap is currently $9.61B and has a P/E ratio of 17.30. The company has a Price to Book ratio of 4.12.
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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. Its Products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. It operates through following segments: Commercial and Industrial Group; Snap-On Tools Group; Repair Systems and Information Group; and Financial Services. The Commercial and Industrial Group segment consists of business operations that serve the aerospace, natural resources, government, power generation, transportation and technical education markets. The Snap-On Tools Group segment includes business operations primarily serving vehicle service and repair technicians through worldwide mobile tool distribution channel. The Repair System and Information Group segment serves other professionals vehicle repair customers, primarily owners and managers of independent repair shops and original equipment manufacturer dealerships through direct and distributor channels. The Financial Services segment comprises of installment sales and lease contracts arising from franchisees’ customers, and business loans and vehicle leases to franchisees. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.
