Price Target Update on Mattel (NASDAQ:MAT)

Mattel (NASDAQ:MAT) : The most positive equity analysts on Mattel (NASDAQ:MAT) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $33.6 with an expected fluctuation of $3.63 from the mean.

Other Equity analysts have also commented on the company shares. JP Morgan initiates coverage on Mattel (NASDAQ:MAT). In the latest research report, JP Morgan announces the target price to $38 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on April 7, 2016.

Mattel (NASDAQ:MAT): stock turned positive on Thursday. Though the stock opened at $32.4, the bulls momentum made the stock top out at $32.5 level for the day. The stock recorded a low of $31.945 and closed the trading day at $32.38, in the green by 0.78%. The total traded volume for the day was 2,026,143. The stock had closed at $32.13 in the previous days trading.

The company shares have rallied 20.70% from its 1 Year high price. On Apr 18, 2016, the shares registered one year high at $34.76 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $31.33 and the 200 Day Moving Average price is recorded at $30.52. On the companys insider trading activities, The Securities and Exchange Commission has divulged that White Loyd Kathy, director of Mattel Inc /De/, had unloaded 2,700 shares at an average price of $30.6 in a transaction dated on May 20, 2016. The total value of the transaction was worth $82,620.

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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