News coverage about Snap-on (NYSE:SNA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Snap-on earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.7843350421002 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

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SNA has been the topic of a number of research analyst reports. B. Riley set a $205.00 price target on shares of Snap-on and gave the company a “buy” rating in a research note on Monday, March 12th. Barrington Research reissued a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. Zacks Investment Research raised shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Wednesday, February 14th. Finally, Robert W. Baird reissued a “buy” rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a research note on Monday, January 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $190.86.

SNA stock traded up $1.50 during midday trading on Monday, reaching $147.06. The stock had a trading volume of 680,598 shares, compared to its average volume of 711,432. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78. The firm has a market capitalization of $8,256.32, a P/E ratio of 14.53, a PEG ratio of 1.23 and a beta of 1.16. Snap-on has a 52-week low of $140.83 and a 52-week high of $185.47.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.03. The company had revenue of $974.60 million for the quarter, compared to analyst estimates of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. equities analysts forecast that Snap-on will post 11.46 earnings per share for the current year.

In other Snap-on news, Director William Dudley Lehman sold 387 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.60, for a total value of $62,152.20. Following the transaction, the director now owns 8,376 shares in the company, valued at approximately $1,345,185.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Anup R. Banerjee sold 2,091 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.11, for a total value of $334,790.01. The disclosure for this sale can be found here. Insiders sold a total of 104,995 shares of company stock worth $16,839,572 in the last 90 days. 4.00% of the stock is currently owned by insiders.

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Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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