Snap-on Incorporated (SNA) is Initiated by CL King to Buy, Price Target at $174

Snap-on Incorporated (SNA) was Initiated by CL King to “Buy” and the brokerage firm has set the Price Target at $174. CL King advised their investors in a research report released on Jun 28, 2016.

On the company’s financial health, Snap-on Incorporated reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $2.09. The company had revenue of $834.20 million for the quarter, compared to analysts expectations of $851.82 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS.

Snap-on Incorporated closed down -2.1 points or -1.40% at $148.03 with 6,33,510 shares getting traded on Monday. Post opening the session at $148.73, the shares hit an intraday low of $147.5 and an intraday high of $149.8985 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 17, 2016, Jeanne M Moreno (VP & Chief Information Officer) sold 10,417 shares at $164.71 per share price. According to the SEC, on Apr 26, 2016, Anup R Banerjee (Sr VP & Chief Devel. Officer) sold 6,000 shares at $161.22 per share price. On Mar 10, 2016, Nicholas T Pinchuk (Chairman, President and CEO) sold 25,559 shares at $150.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Snap-on Incorporated (Snap-on) is a manufacturer and marketer of tools equipment diagnostics repair information and systems solutions for professional users. The Company’s products and services include hand and power tools tool storage diagnostics software information and management systems shop equipment and other solutions for vehicle dealerships and repair centers as well as for customers in industries including aviation and aerospace agriculture construction Government and military mining natural resources power generation and technical education. The Company’s business segments include Commercial & Industrial Group the Snap-on Tools Group the Repair Systems & Information Group and Financial Services. It offers its products under the brand names: Snap-on ATI BAHCO Blackhawk Blue-Point Cartec CDI Challenger Fish and Hook Hofmann Irimo John Bean Lindstrom Mitchell1 Nexiq Pro-Cut Sandflex ShopKey Sioux Sun and Williams.

Snap-on Incorporated

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