As of February 6, 2024, there is a diverse range of opinions among analysts regarding Stanley Black & Decker (NYSE: SWK), with sentiments changing over the past 30 days. Here is an overview of recent ratings and 12-month price targets:
– Bullish: No analysts have given a bullish rating in the last 30 days, 1 month ago, 2 months ago, or 3 months ago.
– Somewhat Bullish: No analysts have given a somewhat bullish rating in the last 30 days, 1 month ago, 2 months ago, or 3 months ago.
– Indifferent: 2 analysts have given an indifferent rating, with no change in the last 30 days, 1 month ago, or 3 months ago. However, there was 1 change in rating 2 months ago.
– Somewhat Bearish: 2 analysts have given a somewhat bearish rating, with 1 change in the last 30 days, no change 1 month ago, and 1 change 3 months ago.
– Bearish: No analysts have given a bearish rating in the last 30 days, 1 month ago, 2 months ago, or 3 months ago.
The average 12-month price target for Stanley Black & Decker is $96.29, with a high estimate of $110.00 and a low estimate of $82.00.
Recent analyst actions include Michael Rehaut of JP Morgan downgrading the rating to “Underweight” with a price target of $80.00. Joe O’Dea of Wells Fargo has both downgraded and upgraded the rating to “Equal-Weight,” with price targets of $95.00 and $105.00, respectively.
Over the past three months, Stanley Black & Decker has received 3 Buy Ratings, 5 Hold Ratings, and 3 Sell Ratings, resulting in a consensus rating of Hold based on the opinions of 7 Wall Street analysts.
In summary, analysts’ opinions on Stanley Black & Decker vary, with a majority consensus of Hold. The wide range of price targets reflects the uncertainty in the market.
SWK Stock Shows Positive Momentum and Value Increase on February 6, 2024
On February 6, 2024, SWK stock showed positive momentum as it traded in the middle of its 52-week range and near its 200-day simple moving average. This indicates that the stock’s performance is stable and not overextended in either direction.
The price of SWK shares increased by $1.05 since the market last closed, resulting in a rise of 1.19%. This is a positive sign for investors, as it indicates that the stock is gaining value. SWK closed at $89.34, reflecting the positive momentum it experienced throughout the trading day.
Furthermore, after-hours trading saw an additional increase in the stock’s value. SWK rose by $0.50 during this period, further solidifying its positive performance for the day.
Investors who have been holding SWK shares are likely pleased with the stock’s performance on February 6, 2024. The increase in price and positive momentum suggest that the stock is on an upward trajectory. However, it is important to note that stock performance can be volatile, and it is crucial for investors to conduct thorough research and analysis before making any investment decisions.
Overall, SWK stock demonstrated favorable performance on February 6, 2024, with an increase in price and positive momentum. Investors should continue to monitor the stock’s movement and stay informed about any developments that may impact its performance in the future.
Stanley Black & Decker (SWK) Stock Performance: Mixed Results and Stabilization in Revenue and Net Loss
On February 6, 2024, Stanley Black & Decker (SWK) experienced mixed results in its stock performance. Total revenue for SWK stood at $15.78 billion over the past year, representing a decrease of 6.88% compared to the previous year. However, the revenue remained flat since the last quarter, indicating a stabilization in the company’s top line. Moving on to the net income figures, SWK reported a net loss of -$310.50 million over the past year, marking a significant decrease of 132.24% compared to the previous year. However, the net loss narrowed slightly in the last quarter, with a reported figure of -$276.10 million. Although the net income remains negative, the fact that the loss decreased between quarters may indicate some positive developments for the company. SWK reported an EPS of -$2.07 over the past year, reflecting a decline of 120.22% compared to the previous year. However, the EPS remained unchanged at -$2.03 since the last quarter. While the financial figures for SWK indicate a decline in revenue, net income, and EPS over the past year, the stabilization observed in the last quarter provides a glimmer of hope. It is important to note that stock performance is influenced by a wide range of factors, including market conditions, industry trends, and company-specific developments. Therefore, it is crucial for investors to consider these factors in addition to the financial data when making investment decisions. As an investor, it is recommended to conduct thorough research and analysis, considering both quantitative and qualitative factors, before making any investment decisions. By considering the broader context and monitoring the company’s performance over time, investors can make more informed decisions about SWK stock.
