Analysts' ratings for Snap-on SNA over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 1 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $333.83, with a high estimate of $365.00 and a low estimate of $280.00. This current average reflects an increase of 7.98% from the previous average price target of $309.17.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive Snap-on. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Stember | Roth MKM | Raises | Buy | $365.00 | $324.00 |
| Elizabeth Suzuki | B of A Securities | Raises | Underperform | $280.00 | $255.00 |
| Luke Junk | Baird | Raises | Neutral | $347.00 | $290.00 |
| Gary Prestopino | Barrington Research | Raises | Outperform | $350.00 | $325.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $325.00 | $325.00 |
| Ivan Feinseth | Tigress Financial | Maintains | Buy | $336.00 | $336.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Snap-on. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Snap-on compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Snap-on's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Snap-on's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Snap-on analyst ratings.
Delving into Snap-on's Background
Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through a franchisee-operated mobile van network that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
A Deep Dive into Snap-on's Financials
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Snap-on's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -1.06% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Snap-on's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 21.89%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Snap-on's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.67%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Snap-on's ROA excels beyond industry benchmarks, reaching 3.2%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.23.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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