Hasbro (NASDAQ:HAS) Moves On Jefferies Initiating Coverage of Shares

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How Jefferies Currently Rates Hasbro (NASDAQ:HAS)

Equities researchers at Jefferies placed “Hold” rating on Hasbro (NASDAQ:HAS). The firm began issuing coverage on HASin analysts report finalized on 4 December.

From a total of 9 analysts covering Hasbro Inc. (NASDAQ:HAS) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is $91 while the lowest target price is $62. The mean of all analyst targets is $79.78 with a 21.80% above today’s ($68.38) stock price. Hasbro Inc. was the topic of 14 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Monness Crespi & Hardt maintained shares on October 20 with “Buy” rating. Piper Jaffray downgraded shares to “Neutral” rating and $85 target share price in a report from a July 21. BMO Capital Markets maintained HAS stock in a recent report from September 30 with “Market Perform” rating. Finally, Sterne Agee CRT initiated the stock with “Buy” rating in a report issued on a September 16.

Approximately 746,179 shares of stock traded hands. Hasbro, Inc. (NASDAQ:HAS) has declined 1.74% since May 1, 2015 and is downtrending. It has outperformed by 1.04% the S&P500.

Hasbro, Inc. , through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. The company has a market cap of $8.72 billion. The Company’s 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. It has 19.47 P/E ratio. The Firm markets its brands under product categories, which include boys, games, girls and preschool toys.

According to Zacks Investment Research, “Hasbro Inc. is a worldwide leader in children’s and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, KENNER, TONKA, ODDZON, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER, HASBRO INTERACTIVE, MICROPROSE, GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world. (PRESS RELEASE)” Get a free copy of the Zacks research report on Hasbro, Inc. (HAS).

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