Snap Inc. (NYSE:SNAP) Upgraded to Hold at Vetr Inc

Paterniano Del Favero
Agosto 14, 2017

The company had a trading volume of 83,853,248 shares. It is the same, as 42 investors sold SNA shares while 181 reduced holdings. only 69 funds opened positions while 156 raised stakes. TrimTabs Asset Management LLC raised its position in Snap-On by 88.4% in the first quarter. Pacer Advisors Inc. now owns 9,869 shares of the company's stock valued at $175,000 after buying an additional 757 shares during the last quarter. IHT Wealth Management LLC now owns 983 shares of the company's stock valued at $160,000 after buying an additional 119 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Snap during the first quarter worth $252,388,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Snap by 654.0% in the second quarter. Nine investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Investors purchased 65,962 put options on the company. Snap has a 1-year low of $11.90 and a 1-year high of $29.44. The company has a 50 day moving average price of $154.18 and a 200-day moving average price of $164.25. The company has market cap of $4.02 million.

Snap (NYSE:SNAP) last released its earnings results on Thursday, August 10th. The company reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. Snap-On had a net margin of 16.22% and a return on equity of 20.90%. The business had revenue of $921.40 million during the quarter, compared to the consensus estimate of $920.87 million. During the same period in the prior year, the company earned $2.36 earnings per share. The company's revenue for the quarter was up 285.6% on a year-over-year basis. On average, equities analysts forecast that Snap will post ($0.56) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.71 dividend. Snap-On's dividend payout ratio (DPR) is now 29.34%.

Snap-On announced that its board has initiated a share buyback plan on Monday, August 7th that permits the company to buyback $500.00 million in shares. Insiders own 3.70% of the company's stock. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

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Several other equities analysts have also issued reports on the stock. BidaskClub upgraded Snap-On from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Snap-On from a "sell" rating to a "hold" rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird reaffirmed a "buy" rating and set a $30.00 price objective on shares of Snap in a report on Wednesday, March 29th. They set a "hold" rating and a $22.00 target price for the company. The company presently has an average rating of "Buy" and a consensus target price of $197.86. $140,620 worth of Snap-on Incorporated (NYSE:SNA) shares were sold by JONES NATHAN J. Johnsen Constance sold $431,577 worth of Snap-on Incorporated (NYSE:SNA) on Wednesday, March 1. Snap now has an average rating of "Hold" and an average price target of $19.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ruth Ann M. Gillis purchased 265 shares of the stock in a transaction on Friday, August 4th. The firm now has a $13.95 price objective on the stock.

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