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Barrington Stick to Their Buy Rating for Snap-on

Published 07/22/2021, 01:45 PM
Updated 07/22/2021, 01:45 PM


Barrington analyst Gary Prestopino maintained a Buy rating on Snap-on (NYSE:SNA) on Tuesday, setting a price target of $280, which is approximately 24.98% above the present share price of $224.03.

Prestopino expects Snap-on to post earnings per share (EPS) of $3.55 for the third quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Snap-on, with an average price target of $248.2.
The analysts price targets range from a high of $282 to a low of $180.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.11 billion and a net profit of $266.2 million. The company's market cap is $12.12 billion.

According to TipRanks.com, Barrington analyst Gary Prestopino is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 44.6% and a 59.07% success rate.

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.

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