Stanley Black & Decker Inc (SWK) stock expected to rise by 71.3%: What’s driving the optimism?

At the time of writing, Stanley Black & Decker Inc [SWK] stock is trading at $87.67, up 2.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SWK shares have gain 2.16% over the last week, with a monthly amount drifted -15.12%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Stanley Black & Decker Inc [NYSE: SWK] stock has seen the most recent analyst activity on September 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $107. Previously, Barclays downgraded its rating to Equal Weight on June 04, 2024, and dropped its price target to $86. On December 14, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $89 on the stock. Citigroup upgraded its rating to a Buy. Wolfe Research downgraded its rating to a Underperform but $94 remained the price target by the analyst firm on August 11, 2023. Citigroup upgraded its rating to Neutral for this stock on February 03, 2023, and upped its price target to $106. In a note dated February 03, 2023, Longbow downgraded an Neutral rating on this stock.

For the past year, the stock price of Stanley Black & Decker Inc fluctuated between $77.70 and $110.88. Currently, Wall Street analysts expect the stock to reach $150.18 within the next 12 months. Stanley Black & Decker Inc [NYSE: SWK] shares were valued at $87.67 at the most recent close of the market. An investor can expect a potential return of 71.3% based on the average SWK price forecast.

Analyzing the SWK fundamentals

According to Stanley Black & Decker Inc [NYSE:SWK], the company’s sales were 15.38B for trailing twelve months, which represents an -5.12% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.

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 85.80 points at the first support level, and at 83.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.98, and for the 2nd resistance point, it is at 90.30.

Ratios To Look Out For

It is important to note that Stanley Black & Decker Inc [NYSE:SWK] has a current ratio of 1.29. Further, the Quick Ratio stands at 0.42, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 1.53.

Transactions by insiders

Recent insider trading involved Link Janet, SVP, General Counsel & Sec’y, that happened on Aug 01 ’24 when 13520.0 shares were sold. Officer, Link Janet completed a deal on Aug 01 ’24 to buy 13520.0 shares. Meanwhile, SVP, General Counsel & Sec’y Link Janet sold 3442.0 shares on May 06 ’24.

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