Monday, 25 September, 2017

Snap Chat (NYSE:SNAP) Noted As 'Buy' In Update From Goldman Sachs

Snap Chat (NYSE:SNAP) Noted As 'Buy' In Update From Goldman Sachs Snap Chat (NYSE:SNAP) Noted As 'Buy' In Update From Goldman Sachs
Javier Burns | 17 May, 2017, 01:50

They set a "reduce" rating and a $16.00 target price for the company. They set a buy rating and a $27.00 price target on the stock. Finally, Citigroup Inc initiated coverage on Snap in a report on Monday, March 27th. They now have a hold rating on the stock. Monness Crespi & Hardt initiated coverage on Snap in a report on Monday, March 20th. They issued a "sell" rating and a $17.00 price target for the company.

Snap closed up 8.36 percent on the day at $20.74, higher than its $17 IPO price but down nearly 30 percent from its highest trading price on March 3.

Over the last 52 weeks Snap Chat's stock price has increased by 0% from 0.00 to 20.5.

Following Deutsche Bank's latest price target of 23 on the business this highlights that the broker now believes there is an increase of 12.2% from Snap Chat's current share price of 20.5. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Snap presently has a consensus rating of "Hold" and an average price target of $21.93. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 18.10 and a beta of 1.06. The company's 50-day moving average price is $21.55 and its 200 day moving average price is $21.68. The 52 week high Snap Chat's shares have peaked at is 29.44 whilst the 52 week low for the company's shares is 17.59.

North Korea: New long-range missile can carry heavy nuke
North Korea's latest ballistic missile test may be almost as big a deal as its propaganda machine claims. During a 2016 test, the Musudan reached a height of 1,410 kilometers (880 miles).

Nonetheless, the filings boost some of the investors' confidence, especially after the stock plunged 23% following SNAP's disappointing first-quarter earnings report. The firm had revenue of $149.60 million for the quarter, compared to the consensus estimate of $158.32 million. The firm's quarterly revenue was up 285.6% on a year-over-year basis.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another website, it was illegally copied and republished in violation of United States and global copyright and trademark laws. The original version of this article can be accessed at https://www.com-unik.info/2017/05/16/snap-ons-sna-outperform-rating-reiterated-at-cibc-updated-updated-updated.html.

Several institutional investors have recently modified their holdings of SNAP. US Bancorp DE bought a new stake in shares of Snap during the first quarter worth $101,000. WFG Advisors LP bought a new position in Snap during the first quarter worth about $109,000. Prospera Financial Services Inc purchased a new position in Snap during the first quarter valued at $418,000. Credit Suisse AG now owns 90,806 shares of the company's stock valued at $15,317,000 after buying an additional 2,517 shares during the last quarter. IHT Wealth Management LLC now owns 983 shares of the company's stock valued at $160,000 after buying an additional 119 shares during the last quarter.

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