Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Snap-on (SNA) today. The company’s shares opened today at $154.76.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 16.7% and a 70.3% success rate. Feinseth covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, Garmin Ltd, and Apple Inc.
Currently, the analyst consensus on Snap-on is a Moderate Buy with an average price target of $176.33, which is a 13.9% upside from current levels. In a report issued on July 19, Barrington also assigned a Buy rating to the stock with a $185 price target.
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Based on Snap-on’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $180 million. In comparison, last year the company had a net profit of $179 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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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.
