The stock now has an average rating of "Buy" and a consensus target price of $192.83.
SNAP has been the subject of a number of other research reports.
Snap shares jumped 8.4 per cent to US$20.74 on Monday on the diclosures, adding to gains Friday that have retraced about two-thirds of Thursday's earnings-related correction. They noted that the move was a valuation call. Wells Fargo & Co began coverage on shares of Snap in a research report on Friday, March 31st. They issued a "reduce" rating and a $16.00 price target for the company. Argus initiated coverage on shares of Snap in a research report on Monday, April 3rd. Snap-on has an average rating of "Buy" and an average target price of $192.83. Susquehanna Bancshares Inc reaffirmed a "neutral" rating and set a $22.00 target price on shares of Snap in a report on Friday, March 17th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. T Rowe Price held 28.3 million shares, making it the sixth-largest holder as of latest filings, while Coatue disclosed a 21 million-share stake, making it the seventh-largest holder.
Snap-on Incorporated (NYSE:SNA) traded down 0.14% during midday trading on Tuesday, reaching $170.68. State Street Corp now owns 2,403,423 shares of the company's stock valued at $411,635,000 after buying an additional 126,540 shares during the last quarter. The company has a 50-day moving average price of $21.55 and a 200-day moving average price of $21.68. Snap has a one year low of $17.59 and a one year high of $29.44. The company reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. The company had revenue of $149.60 million for the quarter, compared to analyst estimates of $158.32 million. Snap-on's quarterly revenue was up 6.3% compared to the same quarter past year. Equities analysts expect that Snap will post ($0.54) earnings per share for the current year. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global trademark & copyright law. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US & global trademark and copyright laws. The original version of this report can be viewed at https://transcriptdaily.com/2017/05/13/snap-on-incorporated-sna-rating-reiterated-by-jefferies-group-llc-updated-updated.html. TrimTabs Asset Management LLC raised its position in shares of Snap-on by 88.4% in the first quarter.
Dan Loeb's Third Point held 2.25 million shares of Snap as of the end of the quarter.
Leading investment firms Fidelity and BlackRock Inc BLK.N owned Snap shares at the end of March, regulatory filings showed, providing a fresh vote of confidence for the Snapchat parent company. Can now owns 39,730 shares of the company's stock valued at $6,030,000 after buying an additional 1,216 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Snap during the first quarter worth about $205,000.