Mattel (MAT) Receives ‘Analyst’ Rating

Mattel (MAT) : 12 analysts are covering Mattel (MAT) and their average rating on the stock is 2, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.


Also, Brokerage firm Citigroup maintains its rating on Mattel (NASDAQ:MAT). As per the latest information, the brokerage house raises the price target to $38 per share from a prior target of $36. The shares have been rated Buy. The rating by the firm was issued on August 15, 2016.

Mattel (NASDAQ:MAT): The stock opened in the green at $31.18 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $31.5287 and a low of $31.09 for the day. The stock did not find buyers even at the lows and closed at $31.31 recording a loss of -0.03%. 2,636,334 shares exchanged hands during the trading day. The stock had closed at $31.32 in the previous days trading.

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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