Snap-on Incorporated (SNA) shares are trading at higher $169.45 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $156.00.
To add more color to this target, the company’s high over the last year is $172.61 and the low is $90.72. Over the last 52 weeks, SNA is up 2.74% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SNA reported a profit of $341.2 million. Snap-on Incorporated also saw revenues increase to $724.3 million. In addition, SNA has free cash flow of $438.0 million as of 06-2020. The company’s EBITDA came in at $172.5 million which compares well with its peers.
SNA booked profit margins of 15.20%, its Return on Equity (ROE) is 17.00%, and its Return on Assets is 10.00%. All told, it is clear that, SNA needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SNA has a short ratio of 14.51 and outstanding shares of 54.40M.
SNA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.41 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 10.37. Snap-on Incorporated SNA also noted assets of $6.11 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SNA has historically followed its peers on positive news.
All told, Snap-on Incorporated SNA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SNA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Snap-on Incorporated SNA is now commanding a market cap of 9.16B and a float of 53.70M. SNA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SNA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SNA, either long or short, and we have not been compensated for this article.