Snap-On Incorporated (NYSE:SNA) Given Price Target Of $176.333


As per Snap-On Incorporated (NYSE:SNA)’s news release on 2016-04-29, its shareholders will get cash dividend of $0.61 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-20 and 2016-06-10, respectively.

The stock of Snap-On Incorporated (NYSE:SNA) will commence trading ex-dividend from 2016-05-18, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Snap-On Incorporated (NYSE:SNA) disbursed $2.36 in dividend compared to distribution of $1.85, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.9189%.

The past track record of five years substantiates that the average payout of Snap-On Incorporated (NYSE:SNA) stands at $1.666, implying 12.5156% growth. The company recorded earnings of $2.03 a share in the preceding fiscal.

The interim price target for Snap-On Incorporated (NYSE:SNA) is set at $176.333. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $190 and the lowest level is established at 165. This broad range highlights a standard deviation of $8.869 in reported estimates.

AlphaOne has allotted A sentiment score of -0.115 to Snap-On Incorporated (NYSE:SNA) while impact score assigned is 0 as on as on 2016-07-14.

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