Stanley Black & Decker (SWK) stock is expected to deviate a maximum of $5.62 from the average target price of $128.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $135 and the most muted being $119.
Stanley Black & Decker (SWK) : The consensus on Stanley Black & Decker (SWK) based on 13 analyst recommendation on the company stock is 2.23, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Equity Analysts at the Longbow Research downgrades the rating on Stanley Black & Decker (NYSE:SWK). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 22, 2016.
Stanley Black & Decker (NYSE:SWK): The stock opened at $123.64 on Thursday but the bulls could not build on the opening and the stock topped out at $124.07 for the day. The stock traded down to $122.80 during the day, due to lack of any buying support eventually closed down at $123.57 with a loss of -0.15% for the day. The stock had closed at $123.75 on the previous day. The total traded volume was 694,837 shares.
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.