Somewhat Positive Media Coverage Somewhat Unlikely to Impact Snap-On (SNA) Stock Price

News stories about Snap-On (NYSE:SNA) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Snap-On earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6490877537524 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Snap-On in a research report on Wednesday, November 1st. Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price objective for the company in a research report on Monday, October 23rd. Oppenheimer reaffirmed a “buy” rating and set a $177.00 price objective on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Snap-On from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $175.00 price objective on shares of Snap-On in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $193.56.

Snap-On (NYSE SNA) traded down $0.17 during midday trading on Friday, reaching $183.59. 584,714 shares of the company traded hands, compared to its average volume of 544,095. Snap-On has a twelve month low of $140.83 and a twelve month high of $185.47. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10,470.00, a P/E ratio of 18.87, a P/E/G ratio of 1.40 and a beta of 1.14.

Snap-On (NYSE:SNA) last posted its quarterly earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.02. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The business had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. During the same quarter last year, the firm posted $2.22 EPS. Snap-On’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts anticipate that Snap-On will post 10.09 EPS for the current fiscal year.

In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of Snap-On stock in a transaction on Friday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

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About Snap-On

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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