Stanley Black & Decker Inc (SWK) Received its Third Buy in a Row

After Deutsche Bank and Barclays gave Stanley Black & Decker Inc (NYSE: SWK) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Susan Maklari maintained a Buy rating on Stanley Black & Decker Inc yesterday and set a price target of $155. The company’s shares closed yesterday at $132.71.

According to TipRanks.com, Maklari is ranked 0 out of 5 stars with an average return of -6.1% and a 44.6% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Green Brick Partners, and Mohawk Industries.

Currently, the analyst consensus on Stanley Black & Decker Inc is a Strong Buy with an average price target of $151.08, representing a 13.8% upside. In a report issued on January 10, UBS also maintained a Buy rating on the stock with a $150 price target.

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Based on Stanley Black & Decker Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $248 million. In comparison, last year the company had a net profit of $282 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stanley Black & Decker, Inc. engages in the provision of power and hand tools, products and services for various infrastructure applications, mechanical access, and healthcare solutions. It also manufactures and markets commercial electronic security and monitoring systems.

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