Mattel (MAT) Receives Price Target

Mattel (MAT) : Currently there are 8 street experts covering Mattel (MAT) stock. The most bullish and bearish price target for the stock is $38 and $30 respectively for the short term. The average price target of all the analysts comes to $34.13. The estimated standard deviation from the target is $2.95.

Mattel (MAT) : The consensus on Mattel (MAT) based on 12 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In a research note released to the investors, Citigroup maintains its rating on Mattel (NASDAQ:MAT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $36 per share to $38 per share. The rating by the firm was issued on August 15, 2016.

Mattel (NASDAQ:MAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.17 and $32.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.16, notching a gain of 0.09% for the day. The total traded volume was 1,908,694 . The stock had closed at $33.13 on the previous day.

MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl. The Companys North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories. The Companys International segment products are developed and marketed by the North America segment, although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer, childrens publisher, and retailer for its line of historical dolls, books, and accessories, as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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