Watching the Consensus Target Price on These Shares: Snap-On Incorporated (NYSE:SNA)

Zooming in on shares of Snap-On Incorporated (NYSE:SNA), we note that the average target price is presently $170.8. This is the consensus target based on projections provided by the covering analysts polled. Wall Street analysts have the ability to provide price target predictions for stocks that they cover.  Price target estimates can be calculated using various methods.  Many investors will track stock target prices, especially when analysts make changes to the projections. A good research report will generally give detailed reasoning for a specific target price estimate. Some investors may follow analyst targets very closely and use the information to complement their own stock research.

Stock market investors typically have to deal with the risk element when making decisions about specific holdings. There will always be a trade-off between risk and reward, and this is quite evident in the equity market. In general, the more that someone is willing to risk, the higher the potential gains. Investors might need to be willing to identify their risk levels before attempting to jump into the fray. Some investors will choose to play it safe while others will opt to swing for the fences. Managing risk becomes increasingly more important when economic conditions are cloudy. Accumulating the most amount of understanding and relevant information about a company may be a good place to start. Studying a company’s position in the current market may help with understanding how the company has set themselves up for future growth.

Checking in on stock price activity for Snap-On Incorporated (NYSE:SNA), we have recently seen shares trading near the $153.8 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $188.46, and the 52-week low is presently $136.13. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of -5.32%. Going back to the start of the calendar year, we can see that shares have moved 5.86%. Pulling the focus closer to the past 4 weeks, shares have seen a change of -3.22%. Over the past 5 trading days, the stock has moved -3.33%.

Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Snap-On Incorporated (NYSE:SNA) is presently 2. Out of the covering analysts polled by Zacks Research, 3 have put a Strong Buy or Buy rating on the stock. 

As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 3.19 for shares of Snap-On Incorporated (NYSE:SNA). The number consists of estimates provided by 5 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 3.03. The consensus estimate for last quarter before the earnings report was 2.92. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 2.97. This consensus estimate includes 5 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 11.82. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 12.31.

As earnings season kicks into high gear, investors may be analyzing the numbers and trying to decide what to do next. Investors may be choosing to buy companies that have a proven track record of solid earnings growth. Other investors may be looking to spot the diamonds in the rough that haven’t necessarily broken out yet. It may be wise to research companies that continually string together superior quarters. One great quarter or one horrible quarter may not provide enough information to justify either a buy or a sell. Many investors will look deeper into the numbers for companies that produce much wider surprise factors than expected. This may occur on either end of the dial with a beat or a miss. Earnings reports also have the ability to cause severe stock price fluctuations. Some traders will look to catch some profits while others may stay on the bench until the dust has cleared.

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