Short Term Price Target on Mattel (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.

Mattel, Inc. has lost 3.37% in the last five trading days and dropped 1.7% in the last 4 weeks. Mattel, Inc. has dropped 7.53% during the last 3-month period . Year-to-Date the stock performance stands at 18.09%. Also, JP Morgan initiates coverage on Mattel (NASDAQ:MAT). The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan announces the current price target of $38 per share on Mattel . The rating by the firm was issued on April 7, 2016.

Mattel (NASDAQ:MAT) : Zacks Investment Research ranks Mattel (NASDAQ:MAT) as 2, which is a Buy recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2, which indicates as a Buy.

Mattel (NASDAQ:MAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.99 and $30.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.29, notching a gain of 0.94% for the day. The total traded volume was 3,457,295 . The stock had closed at $31.00 on the previous day.

In an insider trading activity,The director of Mattel Inc /De/, White Loyd Kathy sold 2,700 shares at $30.6 on May 20, 2016. The Insider selling transaction had a total value worth of $82,620. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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