Brokerage Firm Rating Update on Hasbro (HAS)

Hasbro (HAS) : The consensus on Hasbro (HAS) based on 9 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Hasbro (HAS) : 7 investment research analysts covering Hasbro (HAS) have an average price target of $85.86 for the near short term. The highest target price given by the Brokerage Firm to the stock is $93 and the lowest target is $76 for the short term. Analysts expect the variance to be within $5.81 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, PiperJaffray, upgrades their rating on the shares of Hasbro (NASDAQ:HAS). PiperJaffray has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 19, 2016.

Hasbro (NASDAQ:HAS): stock was range-bound between the intraday low of $81.9 and the intraday high of $82.93 after having opened at $82.69 on Wednesdays session. The stock finally closed in the red at $82.69, a loss of -0.08%. The stock remained in the red for the whole trading day. The total traded volume was 555,418 shares. The stock failed to cross $82.93 in Wednesdays trading. The stocks closing price on Thursday was $82.71.

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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