1 Magnificent Dividend Stock Up 1,830% Since 2000 to Buy and Hold Forever
Founded 103 years ago, Snap-on (NYSE: SNA) has grown to become a vertically integrated behemoth selling tools, equipment, diagnostics, and repair solutions, primarily to automotive and industrial shops.
The mission-critical nature of Snap-on's tools and its leadership position within its niche have combined to deliver total returns of around 11,500% since its initial public offering in 1972. The company has returned over 1,800%, since 2000, nearly quadrupling the S&P 500 index's total returns.
Remarkably, despite this run, Snap-on's slow-and-steady growth potential remains as promising as ever -- yet the company's valuation remains well below market averages. Here's the case for buying and holding this multibagger forever at today's attractive prices.
Source Fool.com
Snap Inc Stock
Currently there is a rather positive sentiment for Snap Inc with 12 Buy predictions and 5 Sell predictions.
With a target price of 14 € there is a slightly positive potential of 13.99% for Snap Inc compared to the current price of 12.28 €.
