Jefferies Group LLC reiterated a "hold" rating and issued a $175.00 price objective (up previously from $165.00) on shares of Snap-on in a research note on Sunday, April 23rd. They set a sell rating and a $17.00 price target on the stock.
SNAP has been the subject of a number of other research reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Zacks Investment Research cut Snap-on from a "buy" rating to a "hold" rating in a research note on Tuesday, February 7th.
Canaccord Genuity gave the share price of Snap Chat a price target of 22 meaning the broker expects a potential upside of 7.32% from Snap Chat's current market price of 20.5. Snap presently has a consensus rating of Hold and a consensus target price of $21.93. State Street Corp now owns 2,403,423 shares of the company's stock valued at $411,635,000 after buying an additional 126,540 shares during the last quarter. The company's market capitalization is $18.30 billion.
Snap Inc SNAP.N jumped 8 percent on Monday and was on track for its third strongest day since the social media company's initial public offering, boosted by filings showing several institutional investors had owned its shares.
Snap (NYSE:SNAP) last posted its quarterly earnings data on Wednesday, May 10th. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $877.30 million.
Soros Fund Management, run by 86-year-old billionaire George Soros, took a almost 1.7 million stake in Snap during the first quarter. On average, equities analysts forecast that Snap-on will post $10.10 earnings per share for the current year.
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Other notable funds that invested in Snap include Vanguard with a 6.7 million share stake. FMR LLC acquired a new position in shares of Snap during the first quarter valued at $737,133,000. Strs Ohio now owns 175,603 shares of the company's stock valued at $26,684,000 after buying an additional 49,815 shares in the last quarter.
Leading investment firms Fidelity and BlackRock Inc BLK.N owned Snap shares at the end of March, regulatory filings showed, providing a fresh vote of confidence for the Snapchat parent company. Jacobi Capital Management LLC raised its position in shares of Snap-on by 16.7% in the third quarter. Finally, Geneva Advisors LLC bought a new stake in Snap during the first quarter valued at approximately $406,000.