Snap Inc. (NYSE:SNAP) Stock Rating Lowered by Cleveland Research

The company's stock had a trading volume of 83,853,248 shares. Pitcairn Co.'s holdings in Snap-On were worth $882,000 at the end of the most recent quarter. Pacer Advisors Inc. now owns 9,869 shares of the company's stock valued at $175,000 after buying an additional 757 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Snap-On by 88.4% in the first quarter. DekaBank Deutsche Girozentrale raised its position in Snap-On by 21.2% in the second quarter. Van ECK Associates Corp now owns 845 shares of the company's stock valued at $143,000 after buying an additional 59 shares during the last quarter. Seven Bridges Advisors LLC bought a new position in Snap during the second quarter valued at approximately $101,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Snap by 654.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 257,225 shares of the company's stock worth $40,642,000 after buying an additional 9,614 shares during the period. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Moreover, Howland Mgmt Ltd Liability Co has 0.16% invested in Snap-on Incorporated (NYSE:SNA). Snap has a 12 month low of $11.77 and a 12 month high of $29.44. The firm's 50 day moving average price is $15.61 and its 200-day moving average price is $19.35. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 15.78 and a beta of 1.05.

Snap (NYSE:SNAP) last posted 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 18 analyst reports since August 20, 2015 according to SRatingsIntel. The firm had revenue of $921.40 million during the quarter, compared to analyst estimates of $920.87 million. Snap's quarterly revenue was up 153.1% on a year-over-year basis.

The following firms have also recently changed their position in SNA. Shareholders of record on Friday, August 18th will be paid a dividend of $0.71 per share. The ex-dividend date has been established as Wednesday the 17th of May 2017. Snap-On's payout ratio is now 29.34%.

First Midwest Bank Trust Division increased Snap On Inc (SNA) stake by 131.69% reported in 2016Q4 SEC filing. Institutional investors own 30.16% of the company's stock.

Antonio Callway, six other Florida Gators suspended for MI game
Last season, he led the team in receptions (54) and receiving yards (721), and also was a co-leader in receiving touchdowns (3). Callaway, a junior from Miami, has had multiple issues at Florida, but this will be his first suspension for a game.

Trump to take executive action into China's trade practices
They reiterated their mutual commitment to denuclearize the Korean peninsula, the White House said in a statement. The move, which is not yet an official investigation, could lay the groundwork for one.

Mourinho: Why Matic is my ideal signing
We're just minutes away from the kickoff of the Premier League season and Mourinho is just as fired up as you are; probably more. But beneath the unsmiling eyes shone an optimism about the season which was hard to hide from the questioning media.

TRADEMARK VIOLATION WARNING: This report was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation. The legal version of this report can be read at https://theolympiareport.com/2017/08/13/snap-inc-nysesnap-given-buy-rating-at-drexel-hamilton.html.

Several other equities research analysts also recently issued reports on the stock. Vetr upgraded shares of Snap from a "buy" rating to a "strong-buy" rating and set a $22.59 target price for the company in a research report on Monday, April 17th. Zacks Investment Research upgraded shares of Snap-On from a "sell" rating to a "hold" rating in a research report on Wednesday, July 19th. (NYSE:SNAP) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, July 25th. (The) reissued a buy rating and set a $28.00 price target on shares of Snap in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Snap now has an average rating of Hold and a consensus price target of $19.42. As of the end of the quarter Bailard, Inc. had sold 8,134 shares trimming its position 24.6%. The stock has a 50-day moving average price of $154.18 and a 200 day moving average price of $164.25.

In related news, Director Ruth Ann M. Gillis acquired 265 shares of the business's stock in a transaction that occurred on Friday, August 4th. This dividend represents a yeild of $1.83 which is the dividend as a percentage of the current share price.

Related:

  • Somalia: Former Al-Shabaab deputy leader surrenders to Govt forces

    Somalia: Former Al-Shabaab deputy leader surrenders to Govt forces

    It was not immediately clear if the timing of the defection was linked. "It is not a good news". The surrender of Sheikh Mukhtar Robow Abu Mansuur follows after The U.S.
    Fayose launches presidential campaign at PDP convention

    Fayose launches presidential campaign at PDP convention

    He also commended the Independent National Electoral Commission (INEC) for being unbiased and for demonstrating its independency. We will continue to pray for him, we want him to be fit but that does not mean that we will go to sleep.
    Join the Solar Eclipse Viewing Party At Lake Mead

    Join the Solar Eclipse Viewing Party At Lake Mead

    The AAS and NASA have posted a list of reputable solar filter brands, retail distributors and online dealers. Observatory directors will also share more of the science and mythology behind eclipses throughout history.
  • Illinois Senate overrides Rauner's veto of school funding bill

    Illinois Senate overrides Rauner's veto of school funding bill

    The formula would then feed money to schools based on what each district needs to provide an "adequate" education. Bruce Rauner's amendatory veto of the state's K-12 funding bill offers a lesson for all politicians, Rep.
    Nationals Bryce Harper carried off field with apparent knee injury

    Nationals Bryce Harper carried off field with apparent knee injury

    As you can see, he went down in a heap. "It's insane , but it's definitely great to see him up in spirit and walking around". Harper had hit a ground ball to the right side and first baseman Ryder Jones made a lunging stop before racing to the bag.
    USA  has been conducting back-channel talks with North Korea for months

    USA has been conducting back-channel talks with North Korea for months

    Trump responded to that development by threatening to unleash "fire and fury" on North Korea if it continued to threaten the U.S. McMaster also said while poised militarily, the USA is exploring other avenues to confront the threat from Kim's weapons program.
  • It's just the start - Lukaku predicts bright future for United

    They are leaving top class players like Anthony Martial and Marcus Rashford out of their team and that shows the quality Mourinho has at his disposal.
    Tainted eggs found in Hong Kong, checks intensified

    Tainted eggs found in Hong Kong, checks intensified

    The Netherlands is Europe's biggest egg producer - and one of the largest exporters of eggs and egg products in the world. Heather Hancock, FSA chairwoman, said it was not "something to worry about" and that any health impact was unlikely.
    Senate approves bill restricting abortion insurance

    Senate approves bill restricting abortion insurance

    The bill returns to the Senate, which can agree to House changes or seek a conference committee to negotiate over the changes. Efforts to approve a bill that would restrict bathroom access for people who are transgender have stalled in the Texas House.
  • China says willing to pay the price for new North Korea sanctions

    China says willing to pay the price for new North Korea sanctions

    Wang also said the new resolution showed China and the global community's united opposition to North Korea's aggression. Ambassador to the United Nations Nikki Haley told NBC's Today show on Tuesday.
    Trump tells Calvo he's behind Guam

    Trump tells Calvo he's behind Guam "1000%"

    Eddie Calvo to express his support to the US territory amid the threats of an imminent strike from North Korea . North Korea has also threatened to fire intermediate-range ballistic missiles at Japan, the Daily Mail notes.
    Trump to dispatch team to work on Israel-Palestinian peace

    Trump to dispatch team to work on Israel-Palestinian peace

    A total of at least 18 members of the Trump administration filed late financial disclosure statements with the ethics office this year, Mr.

Comments

Latest news

Wisconsin to face Notre Dame at Lambeau Field and Soldier Field
Both UW and Notre Dame have available spots in their schedules for games in 2020 and 2021. The following year, they will battle at Soldier Field in Chicago.

Neymar shines on PSG debut, Falcao inspires Monaco
Not to be upstaged, Neymar had a more direct influence on PSG's second as his delightful throughball released Cavani to coolly beat Johnsson.

Silver Wheaton Corp (NYSE:WPM) Posts Quarterly Earnings Results, Hits Expectations
David Iben increased its stake in Silver Wheaton Corp ( SLW ) by 95.73% based on its latest 2016Q4 regulatory filing with the SEC. TRADEMARK VIOLATION WARNING: This report was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze.

Aaron Carter Gets Emotional At a Gay Bar
According to Aaron Carter , one of his biggest male crushes is Adam Lambert, and he has admired the singer for quite a long time. A source said: "Madison was not a good influence on Aaron, and Aaron is better off without her". "And that was it".

3 hurt in Dodge County auto crash
The other passenger in the vehicle was taken by helicopter with life-threatening injuries to a local hospital. Three people are hurt after a crash in Dodge County early Sunday morning.

Pep Guardiola: Man City need to improve attacking to have title hopes
We put our bodies in, we made some important tackles and eventually we got the goal because we were patient. It's going to be a very tough opening game, but we have to play them at some stage.

Police hunt gunman who fired on officers
The officer dived for cover before calling for backup. "Then a little bit later we saw four figures running towards our house". The police officer withdrew immediately from the scene and as he did so came under further fire from the offender, he said.

Tillerson: N. Korea must stop missile launches if it wants talks
Foreign Minister Prak Sokhonn has reaffirmed Cambodia's stance of taking no sides in territorial disputes in the South China Sea. But even this future Code of Conduct, China insists , must not be legally binding .

Militant opens fire; two cops, army man injured — CASO in Hajin
According to sources, militants were hiding in the house located outside the cordoned area while forces were searching other house.

Matsuyama, Day make moves before play suspended at US PGA
When things got tough, Bock had to take side jobs to make ends meet, sweeping floors and delivering doors among them. Quail Hollow is considered a bomber's course, a place where being long off the tee is the key to victory.

Kuwait says most of Gulf oil spill cleaned up
Authorities said yesterday that beaches would be cleaned once power and water plants are secured and the spill is under control. The joint operations center in the Saudi border town of Khafji said facilities there have not been affected by the spill.

Harper has bone bruise, Nats hopeful he's back this season
If the injury is serious, that could also take a mental hit to the Nationals' club, or fuel their fire during Harper's absence. Pitching coach Mike Maddux said that Strasburg is likely to throw about five innings and 75 pitches in his first rehab outing.

Brokers Issue Forecasts for Highwoods Properties, Inc.'s FY2018 Earnings (HIW)
ValuEngine downgraded shares of Highwoods Properties from a buy rating to a hold rating in a research report on Friday, June 2nd. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .

Keith Ellison Says Kim Jong Un 'Acting More Responsible' Than Trump
Immediately after making the comment, Ellison regretted it and tried to retract his words. I mean, his rhetoric might make Kim Jong Un think that he needs to strike first.

Why This Tiny US Island Is North Korea's Newest Target
This story has been corrected to show that the North Korean announcement came Wednesday in Guam due to the worldwide date line. He would lash out militarily, at a minimum against South Korea, and potentially at long-range targets, perhaps including Guam.

Other news