Why Has Jefferies & Co Given Mattel Inc (NASDAQ:MAT) a $27.00 Price Target
Jefferies & Co has just issued a “Buy” rating for Mattel Inc (NASDAQ:MAT) shares. The firm began coverage on shares of MAT in analysts report sent to clients and investors on 4 December. This price target gives upside of 10.29% from the previous stock close of Mattel Inc (NASDAQ:MAT).
From a total of 10 analysts covering Mattel Inc. (NASDAQ:MAT) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $35 while the lowest target price is $22. The mean of all analyst targets is $26.5 with a 3.15% above today’s ($24.48) stock price. Mattel Inc. was the topic of 4 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Suntrust Robinson maintained shares on October 16 with “Neutral” rating. Oppenheimer initiated MAT stock in a recent report from August 20 with “Outperform” rating.
The stock closed the day at $24.48 during the previous session. It is down 12.63% since May 1, 2015 and is downtrending. It has underperformed by 9.85% the S&P500.
MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its clients and directly to consumers. The company has a market cap of $8.31 billion. The Firm operates through three divisions: North America, which consists of the United States and Canada, International, and American Girl. It has 27.7 P/E ratio. The Company’s 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.
According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.” Get a free copy of the Zacks research report on Mattel, Inc. (MAT).