Mattel, Inc. (MAT) PT Set at $13.00 by Jefferies Group LLC

Mattel, Inc. (NASDAQ:MAT) has been given a $13.00 price objective by Jefferies Group LLC in a report issued on Sunday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential downside of 16.56% from the company’s previous close.

A number of other equities research analysts have also issued reports on MAT. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. UBS AG set a $22.00 price objective on Mattel and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a report on Friday. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $17.00 price objective (down previously from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.54.

Shares of Mattel (NASDAQ MAT) opened at 15.58 on Friday. The company has a 50-day moving average price of $15.41 and a 200-day moving average price of $19.19. The company has a market capitalization of $5.34 billion, a P/E ratio of 22.35 and a beta of 0.86. Mattel has a 12 month low of $12.71 and a 12 month high of $32.48.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.70 EPS. Mattel’s revenue was down 13.1% on a year-over-year basis. On average, analysts forecast that Mattel will post $0.47 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Mattel, Inc. (MAT) PT Set at $13.00 by Jefferies Group LLC” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/10/31/mattel-inc-mat-pt-set-at-13-00-by-jefferies-group-llc.html.

A number of large investors have recently added to or reduced their stakes in MAT. Highlander Capital Management LLC purchased a new position in Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC grew its stake in shares of Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN grew its stake in shares of Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after purchasing an additional 2,175 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Mattel in the 2nd quarter valued at approximately $195,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Mattel by 11.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Analyst Recommendations for Mattel (NASDAQ:MAT)

What are top analysts saying about Mattel Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mattel Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit