Stanley Black & Decker (SWK) : Analyst Rating Update

Stanley Black & Decker (SWK) : 4 brokerage houses believe that Stanley Black & Decker (SWK) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Stanley Black & Decker (SWK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Stanley Black & Decker (SWK) : Average target price received by Stanley Black & Decker (SWK) is $122.11 with an expected standard deviation of $7.47. The most aggressive target on the stock is $130, whereas the most downbeat target is $107. 9 financial analysts are currently covering the stock.

Stanley Black & Decker (NYSE:SWK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $110.69 and $110.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $112.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $112.10, notching a gain of 0.63% for the day. The total traded volume was 894,324 . The stock had closed at $111.40 on the previous day.

Also, Goldman Sachs initiates coverage on Stanley Black & Decker (NYSE:SWK) In a research note issued to the investors, the brokerage major announces price-target of $120 per share.The shares have been rated Neutral. The rating by the firm was issued on June 10, 2016. The company shares have rallied 4.91% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $115.16 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $112.40 and the 200 Day Moving Average price is recorded at $104.54.

Stanley Black & Decker, Inc. is a global provider of power and hand tools, products and services. The Company provides products and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. The Companys operating segments include: Construction & Do-It-Yourself (CDIY), Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business, and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR), Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.

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