Mattel, Inc. (MAT) Given Consensus Rating of “Hold” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have received an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.73.

A number of equities analysts have issued reports on MAT shares. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Jefferies Group dropped coverage on Mattel in a report on Monday, December 18th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. B. Riley assumed coverage on Mattel in a report on Thursday, December 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Citigroup raised their price objective on Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 6th.

How to Become a New Pot Stock Millionaire

Institutional investors have recently bought and sold shares of the stock. Calton & Associates Inc. bought a new position in Mattel during the fourth quarter worth about $112,000. Zeke Capital Advisors LLC bought a new position in Mattel during the third quarter worth about $163,000. Hartland & Co. LLC bought a new position in Mattel during the third quarter worth about $165,000. Wolverine Asset Management LLC bought a new position in Mattel during the fourth quarter worth about $177,000. Finally, Virtu Financial LLC bought a new position in Mattel during the fourth quarter worth about $187,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Mattel (NASDAQ:MAT) traded down $0.06 during mid-day trading on Friday, reaching $13.78. The company’s stock had a trading volume of 3,524,946 shares, compared to its average volume of 6,401,169. The company has a market cap of $4,876.83, a PE ratio of -4.50 and a beta of 0.94. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. Mattel has a 52-week low of $12.71 and a 52-week high of $25.97.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. Mattel’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. equities analysts expect that Mattel will post -0.02 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/04/08/mattel-inc-mat-given-consensus-rating-of-hold-by-brokerages.html.

Mattel Company Profile

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply