A share price of Snap-on, Inc. [SNA] is currently trading at $295.68, down -0.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SNA shares have gain 3.59% over the last week, with a monthly amount glided 5.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Snap-on, Inc. [NYSE: SNA] stock has seen the most recent analyst activity on July 17, 2023, when ROTH MKM reiterated its Buy rating and also boosted its price target to $324 from $298. On May 18, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $298 on the stock. Longbow upgraded its rating to a Neutral. Oppenheimer downgraded its rating to a Perform. MKM Partners started tracking with a Neutral rating for this stock on June 10, 2022, and assigned it a price target of $238. In a note dated September 17, 2021, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $240.
Snap-on, Inc. experienced fluctuations in its stock price throughout the past year between $249.84 and $298.49. Currently, Wall Street analysts expect the stock to reach $301 within the next 12 months. Snap-on, Inc. [NYSE: SNA] shares were valued at $295.68 at the most recent close of the market. An investor can expect a potential return of 1.8% based on the average SNA price forecast.
Analyzing the SNA fundamentals
Trailing Twelve Months sales for Snap-on, Inc. [NYSE:SNA] were 5.11B which represents -0.37% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.2 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 293.20 points at the first support level, and at 290.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 300.40, and for the 2nd resistance point, it is at 305.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Snap-on, Inc. [NYSE:SNA] is 4.06. As well, the Quick Ratio is 3.05, while the Cash Ratio is 1.3. Considering the valuation of this stock, the price to sales ratio is 3.05, the price to book ratio is 2.95 and price to earnings (TTM) ratio is 15.37.
Transactions by insiders
Recent insider trading involved Boyd Iain, VP – Operations Development, that happened on Oct 15 ’24 when 6044.0 shares were sold. VP, Gen Counsel & Secretary, Miller Richard Thomas completed a deal on Oct 15 ’24 to sell 3296.0 shares. Meanwhile, Officer IAIN BOYD bought 6044.0 shares on Oct 15 ’24.
