In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Stanley Black & Decker (SWK – Research Report), with a price target of $107.00. The company’s shares closed yesterday at $95.46.
Mitchell covers the Industrials sector, focusing on stocks such as 3M, Ingersoll Rand, and Carrier Global. According to TipRanks, Mitchell has an average return of 16.5% and a 66.87% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Stanley Black & Decker with a $95.57 average price target.
Based on Stanley Black & Decker’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.95 billion and a net profit of $4.7 million. In comparison, last year the company earned a revenue of $4.12 billion and had a net profit of $844.6 million
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Stanley Black & Decker (SWK) Company Description:
Stanley Black & Decker, Inc. is a manufacturer and provider of tools (power and hand tools) and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and many more items and services. The company also sells household hardware and security products.
