Just How Positive is BMO Capital Markets on Mattel Inc (NASDAQ:MAT) Following Its Upgrade? The Target is $33.00


Mattel Inc (NASDAQ:MAT) Stock Upgrade

Mattel Inc (NASDAQ:MAT) was upgraded by BMO Capital Markets from a “Market Perform” rating to a more respectable “Outperform” rating in recent note distributed earlier today. They currently have a $33.00 Estimated Target Price on the stock, which would possibly suggest a possible upside of 22.13% from the current price of the stock.

From a total of 11 analysts covering Mattel Inc. (NASDAQ:MAT) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 36% 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 $26.55 with a -4.80% below today’s ($26.89) stock price. Mattel Inc. was the topic of 5 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on December 4 with “Buy” rating. Piper Jaffray maintained MAT stock in a recent report from August 14 with “Neutral” rating.

Approximately 7.00M shares of stock traded hands or 21.95% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 4.20% since May 11, 2015 and is downtrending. It has outperformed by 0.22% the S&P500.

The overall sentiment of institutions has increased to 1.13 in Q2 2015. Its up 0.30, from 0.83 in 2015Q2. The ratio is positive, as 56 institutions have sold all the shares of Mattel, Inc. that they owned while 152 funds have taken shares off the table. 47 funds have purchased shares for the first time while 187 added to their positions. These institutions now hold 337.80 million shares or 1.17% more than the 333.89 million shares they owned in 2015Q2.

The Fund Poplar Forest Capital Llc currently is holding shares equating to 4.17% of its total portfolio in Mattel, Inc. representing a total of 2.13 million shares. Another fund,Fairpointe Capital Llc, is holding a total of 10.80 million shares equating to 3.87% of their holdings. Additionally, Kempen Capital Management N.V. has a 1.16 million share stake in Mattel, Inc. which represents 2.97% of their total portfolio. The Fund, Speece Thorson Capital Group Inc, based out of Minnesota, has also built up a stake in the stock, which represents a total of 2.65% of their total portfolio. Finally Lapides Asset Management Llc, a fund which is based in the state of Connecticut reported a total holdings of 717,000 shares.

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 $8.85 billion. The Firm operates through three divisions: North America, which consists of the United States and Canada, International, and American Girl. It has 30.43 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.”