Barrington analyst Gary Prestopino has maintained their bullish stance on SNA stock, giving a Buy rating today.
Gary Prestopino has given his Buy rating due to a combination of factors that suggest potential for Snap-on’s stock to perform well despite recent challenges. The company’s financial results in Q1/25 showed a decline in net sales and earnings, which were below expectations. However, these results were impacted by macroeconomic uncertainties and geopolitical events that affected technician confidence and sales in the Tools Group.
Despite these setbacks, Snap-on’s pivot towards faster payback items is gaining traction, and the company continues to serve a diverse range of industries with its comprehensive product offerings. The C&I Group faced challenges with contract delays in military markets, but without these delays, sales growth would have been positive. Prestopino’s rating reflects confidence in Snap-on’s ability to navigate these challenges and capitalize on its strengths in the long term.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $365.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNA in relation to earlier this year.