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Barrington Thinks Snap-on’s Stock is Going to Recover

Snap-on (SNAResearch Report) received a Buy rating and a $280.00 price target from Barrington analyst Gary Prestopino today. The company’s shares closed last Tuesday at $202.00, close to its 52-week low of $197.75.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 40.0% and a 56.6% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Bottomline Technologies, and Cantaloupe.

Snap-on has an analyst consensus of Hold, with a price target consensus of $245.40, implying a 21.5% upside from current levels. In a report issued on February 24, Tigress Financial also reiterated a Buy rating on the stock with a $295.00 price target.

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The company has a one-year high of $259.99 and a one-year low of $197.75. Currently, Snap-on has an average volume of 316.7K.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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