Snap bounces back as big-name funds reveal they own stock

Snap bounces back as big-name funds reveal they own stock

Snap bounces back as big-name funds reveal they own stock

They now have a hold rating on the stock. Vetr upgraded Snap from a "strong sell" rating to a "sell" rating and set a $20.40 target price for the company in a research note on Monday, March 13th.

Other equities research analysts have also issued research reports about the company. Wunderlich boosted their price target on shares of Snap-on from $190.00 to $205.00 and gave the company a buy rating in a research report on Friday, February 3rd. Bank of America Corp assumed coverage on shares of Snap in a research note on Monday, March 27th. They issued a "sell" rating and a $17.00 price target for the company. Finally, Jefferies Group LLC initiated coverage on shares of Snap in a research report on Monday, March 27th. The brokerage now has a $30.00 price objective on the stock. Snap-on now has a consensus rating of "Buy" and a consensus target price of $192.83. Snap presently has a consensus rating of "Hold" and an average price target of $21.93.

Specialist traders work at the post where Snap Inc.is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2017. The company's stock had a trading volume of 36,043,201 shares. The stock was sold at an average price of $171.85, for a total value of $42,962.50.

It remains to be seen whether Levinsohn - who doesn't even consider Snap a social media platform - is right in predicting that Snap will turn its fortunes around in the future but the self-described "camera company" still has a lot to prove to the investors who fueled its $34.7 billion market capitalization following its initial public offering (IPO) in early March, though the thereof now amounts to approximately $22.5 billion.

Stones set to return for Man City's final two games
If it's going to go to tribunal, we don't know what the price is and I think that takes us out of the game. If not, they don't give you a second chance. "It's a risk that, at this moment, is not worth taking".

First Australian business infected in global cyber attack
The WannaCry malware exploits a vulnerability in Microsoft Windows that was reportedly developed and used by the U.S. Europol says Friday's cyberattack hit 200,000 victims in 150-plus countries and warned there may be many more.

Princess Charlotte turns two
Will and Kate released pictures of Charlotte when she turned 1, and also when George, turned 1, 2 and 3. We know the duchess has a knack for capturing fabulous portraits of her adorable children.

Snap-on Company Profile Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, fix information and systems solutions. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. The firm had revenue of $887.10 million for the quarter, compared to analysts' expectations of $877.30 million.

"We are running the company for the long term and won't be shortsighted about profits to make a quarter", Chief Financial Officer Andrew Vollero said last week on a call with analysts. Equities analysts expect that Snap will post ($0.54) earnings per share for the current year. If you are viewing this article on another site, it was copied illegally and reposted in violation of USA & global copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/16/snap-inc-snap-rating-reiterated-by-susquehanna-bancshares-inc.html.

A number of institutional investors have recently made changes to their positions in SNAP. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Snap during the first quarter valued at $2,119,000. WFG Advisors LP bought a new position in shares of Snap during the first quarter worth about $109,000.

Related news