Research Analysts at Jefferies Maintain their “Buy” rating for Infosys Limited (INFY). The PT is $20.3000; Rr Partners LP Has Trimmed Snap On (SNA) Stake

April 16, 2018 - By rebbecca

Snap-on Incorporated (NYSE:SNA) Logo

Jefferies have a $20.3000 target price per share on the stock. The target price per share indicates a potential upside of 22.14% from Infosys Limited (NYSE:INFY)‘s last price. This rating was disclosed to clients in a research note on 16 April.

Rr Partners Lp decreased Snap On Inc (SNA) stake by 7.07% reported in 2017Q4 SEC filing. Rr Partners Lp sold 36,100 shares as Snap On Inc (SNA)’s stock declined 16.21%. The Rr Partners Lp holds 474,200 shares with $82.65M value, down from 510,300 last quarter. Snap On Inc now has $8.26 billion valuation. The stock increased 0.08% or $0.12 during the last trading session, reaching $145.56. About 340,528 shares traded. Snap-on Incorporated (NYSE:SNA) has declined 11.24% since April 16, 2017 and is downtrending. It has underperformed by 22.79% the S&P500.

Since February 15, 2018, it had 0 insider buys, and 3 sales for $16.44 million activity. JONES NATHAN J sold $125,750 worth of Snap-on Incorporated (NYSE:SNA) on Thursday, February 15. Shares for $15.40 million were sold by KASSOUF THOMAS L.. Ward Thomas J sold $918,460 worth of stock.

Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on April, 19. They expect $2.74 EPS, up 14.64% or $0.35 from last year’s $2.39 per share. SNA’s profit will be $155.39M for 13.28 P/E if the $2.74 EPS becomes a reality. After $2.69 actual EPS reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts 1.86% EPS growth.

Among 10 analysts covering Snap-on (NYSE:SNA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Snap-on had 30 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Oppenheimer on Sunday, June 11. Robert W. Baird maintained Snap-on Incorporated (NYSE:SNA) on Wednesday, April 11 with “Buy” rating. Barrington upgraded it to “Buy” rating and $185.0 target in Monday, October 23 report. FBR Capital maintained the stock with “Buy” rating in Friday, July 21 report. As per Thursday, February 8, the company rating was maintained by Robert W. Baird. The rating was maintained by Wunderlich on Friday, February 3 with “Buy”. Jefferies maintained Snap-on Incorporated (NYSE:SNA) rating on Tuesday, May 30. Jefferies has “Hold” rating and $17500 target. The stock of Snap-on Incorporated (NYSE:SNA) earned “Hold” rating by Jefferies on Tuesday, August 15. As per Thursday, April 13, the company rating was maintained by IBC. The firm has “Buy” rating given on Tuesday, May 30 by Oppenheimer.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.16, from 1.23 in 2017Q3. It worsened, as 44 investors sold SNA shares while 174 reduced holdings. 67 funds opened positions while 167 raised stakes. 69.02 million shares or 26.89% more from 54.39 million shares in 2017Q3 were reported. Envestnet Asset Management invested in 148,369 shares or 0.06% of the stock. Moreover, Macquarie Group Incorporated Limited has 0% invested in Snap-on Incorporated (NYSE:SNA) for 2,100 shares. Franklin owns 68,731 shares or 0.01% of their US portfolio. Eaton Vance Management holds 29,372 shares or 0.01% of its portfolio. Marshwinds Advisory owns 4,605 shares for 0.37% of their portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma holds 1,000 shares. Highbridge Mngmt Lc owns 4,000 shares for 0.01% of their portfolio. Moreover, Essex Management Ltd Llc has 0.21% invested in Snap-on Incorporated (NYSE:SNA). Conning reported 1,317 shares. Lsv Asset owns 0.03% invested in Snap-on Incorporated (NYSE:SNA) for 105,423 shares. Wealthtrust stated it has 0.01% in Snap-on Incorporated (NYSE:SNA). Great West Life Assurance Company Can owns 39,109 shares. Eagle Boston Management owns 0.02% invested in Snap-on Incorporated (NYSE:SNA) for 1,487 shares. Eventide Asset Limited Liability accumulated 164,365 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 0.24% or 14,600 shares.

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. The company has market cap of $39.11 billion. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies. It has a 15.43 P/E ratio. The companyÂ’s products include Finacle, a banking solution that provides analytics, core banking, consumer e-banking, corporate e-banking, Islamic banking, mobile banking, origination, payments, SME enable, treasury, wealth management, and youth banking solutions.

The stock decreased 7.72% or $1.39 during the last trading session, reaching $16.62. About 24.60 million shares traded or 293.42% up from the average. Infosys Limited (NYSE:INFY) has risen 12.51% since April 16, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Snap-on Incorporated (NYSE:SNA) Institutional Positions Chart