Is Now The Right Time To Bet On Stanley Black & Decker, Inc. (SWK)?

Stanley Black & Decker, Inc. (SWK) shares saw a recent bid of $137.64 and 1.52M shares have exchanged hands in the recent trading session, yielding a 1.67% gain over the past week. The stock price increased 0.55% or $-0.75 versus $136.89 at the end of the prior session. This change led market cap to move at $21.00B, putting the price -1.73% below the 52-week high and 32.52% above the 52-week low. The company’s stock has a normal trading capacity of 983.78K shares while the relative volume is 1.54.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $150.31 while $165.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $14.69 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $140.00, which would be an increase of about 2% of its current value. The mean target of $150.00 should be compared with the price when the stock was languishing around $103.86 a share. And it remains to be seen which target price SWK can achieve without sacrificing much as the company is holding a 21.61% gain for the past twelve months.

By historical standards, Stanley Black & Decker, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 17.49 times earnings, below the average P/E ratio of 25.97 times earnings. For now, Stanley Black & Decker, Inc. is the toast of Wall Street as its ABR stands at 2.50 with 2 out of 19 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Stanley Black & Decker, Inc. has a 1.07% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Stanley Black & Decker, Inc. has far performed well this year, with the share price up 20.01% since January. Over the past 2 quarters, the stock is up 15.05%, compared with a gain of nearly 6.45% for 3 months and about 1.12% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $1.27, smashing the consensus of $1.19 per share. Revenue for the quarter also killed consensus, coming in at $2.81B, compared to the consensus of 2.75B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.96. The company is expected to report EPS as high as $1.98 and as low as $1.93 per share. Similarly, full-year EPS forecasts have ranged between $7.16 and $7.28. The mean EPS estimate is $7.21. On the other side, sales forecasts for the current quarter are $3.17B. The stock is expected to report revenue as high as $3.22B and as low as $3.1B per share. Similarly, full-year sales forecasts have ranged between $12.14B and $12.36B. The mean revenue estimate is $12.26B.

Over the last 5 years, Stanley Black & Decker, Inc. has averaged a 12.80% YoY EPS growth rate and a 4.00% revenue growth rate. Analysts are expecting EPS growth rates to be at 10.00% this quarter and EPS estimate for next year reflect 12.17% growth rate.

Sell-side analysts also have something to say about this company. Imperial Capital analysts stated on 09/05/2017 that they maintained their In-line rating. JP Morgan raised its rating on Stanley Black & Decker, Inc. to Overweight on 24/04/2017 in a reversal from its prior Neutral rating. KeyBanc Capital Mkts raised its rating on Stanley Black & Decker, Inc. to Overweight on 21/04/2017 in a reversal from its prior Sector Weight rating. Barclays analysts stated on 13/03/2017 that they maintained their Overweight rating.

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