B. Riley reiterated their buy rating on shares of Snap-On (NYSE:SNA) in a report published on Thursday morning. They currently have a $205.00 target price on the stock.

Several other research analysts have also weighed in on SNA. Zacks Investment Research upgraded shares of Snap-On from a hold rating to a buy rating and set a $193.00 price objective on the stock in a research note on Wednesday, December 20th. Jefferies Group restated a hold rating and set a $175.00 price objective on shares of Snap-On in a research note on Friday, November 3rd. Barrington Research upgraded shares of Snap-On from a market perform rating to an outperform rating and set a $185.00 price objective on the stock in a research note on Monday, October 23rd. Oppenheimer restated a buy rating and set a $177.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. Finally, FBR & Co restated a buy rating and set a $205.00 price objective on shares of Snap-On in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Snap-On currently has an average rating of Buy and an average price target of $193.56.

Shares of Snap-On (NYSE:SNA) traded up $2.28 during mid-day trading on Thursday, reaching $178.45. 407,800 shares of the company’s stock traded hands, compared to its average volume of 500,650. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. Snap-On has a 12-month low of $140.83 and a 12-month high of $181.73. The firm has a market cap of $10,350.00, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.36 and a beta of 1.14.

Snap-On (NYSE:SNA) last issued 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 firm had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. During the same period in the previous year, the business earned $2.22 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that Snap-On will post 10.09 earnings per share for the current fiscal year.

In other news, Chairman Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $174.55, for a total transaction of $3,609,694.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in SNA. Koch Industries Inc. boosted its holdings in shares of Snap-On by 64,484.7% during the 2nd quarter. Koch Industries Inc. now owns 917,748 shares of the company’s stock worth $912,000 after buying an additional 916,327 shares during the period. Renaissance Technologies LLC boosted its holdings in Snap-On by 1,814.9% in the 2nd quarter. Renaissance Technologies LLC now owns 436,600 shares of the company’s stock valued at $68,983,000 after purchasing an additional 413,800 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Snap-On by 107.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 694,612 shares of the company’s stock valued at $103,506,000 after purchasing an additional 359,772 shares during the period. Findlay Park Partners LLP boosted its holdings in Snap-On by 64.4% in the 3rd quarter. Findlay Park Partners LLP now owns 715,000 shares of the company’s stock valued at $106,542,000 after purchasing an additional 280,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Snap-On by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,316,671 shares of the company’s stock valued at $488,847,000 after purchasing an additional 270,905 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/snap-on-sna-receives-buy-rating-from-b-riley/1798776.html.

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.

Analyst Recommendations for Snap-On (NYSE:SNA)

Receive News & Ratings for Snap-On Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-On and related companies with MarketBeat.com's FREE daily email newsletter.