Bank of America's analyst Sherif El-Sabbahy has revised down the price target for Snap-On (SNA, Financial) from $273 to $265, maintaining an Underperform rating on the stock. The decision follows Snap-On's first-quarter financial performance, which failed to meet market expectations.
The analyst highlighted a 3% reduction in revenue forecasts, primarily attributing this adjustment to a decrease in demand within the Tools and commercial & industrial segments. This assessment signals potential challenges for Snap-On in the coming quarters as it navigates through weaker market conditions in these areas.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Snap-on Inc (SNA, Financial) is $338.41 with a high estimate of $400.00 and a low estimate of $256.24. The average target implies an upside of 10.79% from the current price of $305.44. More detailed estimate data can be found on the Snap-on Inc (SNA) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Snap-on Inc's (SNA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Snap-on Inc (SNA, Financial) in one year is $282.12, suggesting a downside of 7.63% from the current price of $305.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Snap-on Inc (SNA) Summary page.
