Snap Inc (NYSE:SNAP) had its target price reduced by Stifel Nicolaus from $27.00 to $24.00 in a research note issued to investors on Thursday morning.
Analysts, including Sandler, on Thursday revised their expectations for the stock with at least nine brokerages lowering their price targets. They set a reduce rating and a $16.00 price objective for the company.
Other equities research analysts also recently issued research reports about the company. They now have a hold rating on the stock. Oppenheimer Holdings Inc. initiated coverage on Snap-on in a research report on Tuesday, April 11th. The stock now has an average rating of Buy and a consensus price target of $192.83.
Snap closed up 8.36 percent on the day at $20.74, higher than its $17 IPO price but down nearly 30 percent from its highest trading price on March 3. Wunderlich boosted their price target on shares of Snap-on from $190.00 to $205.00 and gave the company a buy rating in a research report on Friday, February 3rd. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. The company presently has an average rating of Hold and an average price target of $21.93. The firm's market cap is $19.87 billion. The stock's 50-day moving average is $167.84 and its 200-day moving average is $169.36. The 52 week high Snap Chat's shares have peaked at is 29.44 whilst the 52 week low for the company's shares is 17.59.
Princess Charlotte new photo just released
As Princess Charlotte approaches her second birthday, she's experienced more in her young life than most of us can only dream of. A new picture of Princess Charlotte enjoying the outdoors, taken by her mother, has been released ahead of her second birthday.
Snap (NYSE:SNAP) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. The firm's quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Snap will post ($0.54) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was first posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of USA and worldwide copyright law. The original version of this article can be accessed at https://www.com-unik.info/2017/05/16/snap-ons-sna-outperform-rating-reiterated-at-cibc-updated-updated-updated.html.
A number of large investors have recently made changes to their positions in the company. Bridgewater Associates LP acquired a new position in shares of Snap-on during the first quarter worth $490,000. IHT Wealth Management LLC increased its stake in Snap-on by 13.8% in the first quarter.
Shares of Snap surged Monday, tracking for its third-best day ever, as traders gained confidence from filings showing big hedge funds bought the Snapchat parent in the first quarter.