Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Snap-On (SNA) Share Price

News coverage about Snap-On (NYSE:SNA) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Snap-On earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.6992943981078 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

SNA has been the topic of several recent research reports. FBR & Co reissued a “buy” rating and set a $205.00 price target on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. B. Riley reissued a “buy” rating and set a $205.00 price target on shares of Snap-On in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and set a $175.00 price target on shares of Snap-On in a research report on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and set a $177.00 price target on shares of Snap-On in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $193.56.

Shares of Snap-On (NYSE SNA) traded down $2.71 on Tuesday, hitting $178.76. The company’s stock had a trading volume of 617,383 shares, compared to its average volume of 524,996. Snap-On has a one year low of $140.83 and a one year high of $181.99. The firm has a market cap of $10,190.00, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The company had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. During the same period in the prior year, the company posted $2.22 EPS. Snap-On’s quarterly revenue was up 8.4% on a year-over-year basis. analysts anticipate that Snap-On will post 10.09 earnings per share for the current year.

In other Snap-On news, CEO Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Snap-On (SNA) Share Price” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/09/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-snap-on-sna-share-price.html.

About Snap-On

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

Receive News & Ratings for Snap-On Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-On and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit