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What Analysts Recommend for SWK ahead of 1Q18 Earnings

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Apr. 18 2018, Updated 6:32 a.m. ET

Analyst consensus on Stanley Black & Decker

The number of analysts following Stanley Black & Decker (SWK) has been hovering between 19 and 23 in the past year. At present, 22 analysts are actively tracking SWK. Among them, 64% of the analysts recommended the stock as a “buy,” 36% of the analysts recommended the stock as a “hold,” while none of the analysts have a “sell” recommendation for SWK.

The analyst consensus projects SWK’s target price to be at $188.94, implying a return potential of ~23.4% over the closing price of $153.14 as of April 16, 2018. In the past three months, SWK’s target price has moved up marginally from $187.24 to the current target price, indicating that analysts are positive on the stock.

SWK, which posted strong 4Q17 earnings, is expected to continue its trend in 1Q18 as well driven by strong organic growth. With earnings set to grow at above 13% for fiscal 2018, most analysts are bullish on the stock and have recommended either a “buy” or a “hold” on SWK.

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Brokerage recommendations

  • Morgan Stanley (MS) has reduced its target price for SWK to $189 from $172, implying a 23.4% return potential based on its closing price on April 16, 2018.
  • JPMorgan (JPM) has recommended a “buy” for SWK with a target price of $190, implying a 24% return based on its April 16 closing price.
  • Barclays (BCS) has rated SWK as “overweight” and recommended a target price of $184, implying a 20.1% return over the closing price of $153.14 as of April 16, 2018.

Investors can indirectly hold SWK through the Guggenheim S&P 500 Equal Weight Industrials ETF (RGI), which invests 1.4% of its portfolio in SWK as of April 16, 2018.

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