Snap-on Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, Bret Jordan from Jefferies reiterated a Hold rating on Snap-on (NYSE: SNA), with a price target of $175. The company’s shares closed yesterday at $159.65.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 8.1% and a 64.3% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Snap-on has an analyst consensus of Moderate Buy, with a price target consensus of $175.

The company has a one year high of $181.73 and a one year low of $145.17. Currently, Snap-on has an average volume of 533.1K.

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Snap-On, Inc. engages in the development, manufacture, and market of tools, equipment, diagnostics, repair information and systems solutions for professional users. It operates through following segments: Commercial and Industrial Group; Snap-On Tools Group; Repair Systems and Information Group; and Financial Services. The Commercial and Industrial Group segment refers to industrial and commercial customers worldwide, primarily through direct and distributor channels. The Snap-On Tools Group segment provides vehicle service and repair technicians through the company’s worldwide mobile tool distribution channel. The Repair System and Information Group segment serves other professionals vehicle repair customers worldwide, primarily owners and managers of independent repair shops and OEM dealerships through direct and distributor channels. The Financial Services segment consists of the business operations of Snap-On Credit LLC, the company’s financial services business in the United States, and Snap-On’s other financial services subsidiaries in those international markets where Snap-On has franchise operations. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.