Hasbro (HAS) : Analyst Rating Update

Hasbro (HAS) : 1 brokerage houses believe that Hasbro (HAS) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hasbro (HAS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.83.

Hasbro (HAS) : Currently there are 10 street experts covering Hasbro (HAS) stock. The most bullish and bearish price target for the stock is $93 and $76 respectively for the short term. The average price target of all the analysts comes to $86.7. The estimated standard deviation from the target is $5.33.

Hasbro (NASDAQ:HAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.26 and $82.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.01, notching a gain of 0.83% for the day. The total traded volume was 3,448,630 . The stock had closed at $82.33 on the previous day.

Also, Citigroup maintains its rating on Hasbro (NASDAQ:HAS). The global brokerage major raises the current price target from $85 per share to $98 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on June 6, 2016. The company shares have rallied 6.85% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $88.53 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $85.36 and the 200 Day Moving Average price is recorded at $78.95.

Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.

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