Market Overview

Here's What Makes Snap-On The 'Top Idea' At Baird

Here's What Makes Snap-On The 'Top Idea' At Baird

Snap-on Incorporated (NYSE: SNA) remains Baird’s top pick, with analyst David Leiker reiterating an Outperform rating and $197 price target.

Leiker expects shareholder returns to approach 20-percent annual through 2020.

The analyst’s view was reaffirmed by a recent shift in investor sentiment, with a new theme being long investors “looking to get more involved.”

The shift followed a strong second quarter earnings report on July 20. The company reported EPS of $2.60 compared with $2.36 in the same quarter last year and $921.4 million in sales, up about $50 million year over year.


Before the report, “virtually 100 percent of inbound calls” Leiker received were negative. Leiker notes that 10 percent of shares are still short.

Snap-on’s business model has proven to be very profitable, with a 21-percent return on equity for its core business and near 30 percent for Snap-on Credit. The company has been the Street’s estimates every quarter for the past seven years.

Moving forward, Leiker will be looking to see rising Tools Group growth, stable-to-down originations and stable credit metrics.

Keep up with earnings season and analyst coverage in real-time with Benzinga Pro.

Related Links:

Trump To Sign Order Directing Tighter Enforcement Of Foreign Work Visas

Stanley Black Seeks to Grow on Organic, Inorganic Strategies
Image Credit: By Dwight Burdette - Own work, CC BY 3.0, via Wikimedia Commons

Latest Ratings for SNA

Feb 2020BairdMaintainsNeutral
Oct 2019BairdMaintainsNeutral
Oct 2019BairdMaintainsNeutral

View More Analyst Ratings for SNA
View the Latest Analyst Ratings


Related Articles (SNA)

View Comments and Join the Discussion!

Posted-In: Baird David LeikerAnalyst Color Long Ideas Reiteration Top Stories Analyst Ratings Trading Ideas Best of Benzinga

Latest Ratings

XPOJP MorganMaintains84.0
UPSJP MorganMaintains113.0
UNPJP MorganMaintains163.0
NSCJP MorganMaintains189.0
MCHPJP MorganMaintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at