Hasbro Stock Rating Reaffirmed by Goldman Sachs Group Inc. (HAS)
Hasbro (NYSE:HAS)‘s stock had its “sell” rating reiterated by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday, StockRatingsNetwork reports. They currently have a $43.00 price target on the stock, down from their previous price target of $44.00. Goldman Sachs Group Inc.’s target price points to a potential downside of 9.34% from the company’s current price.
The analysts wrote, “We lower our 2013-15 EPS estimates to $2.72/$3.01/$3.24 ($2.82/$3.10/$3.35) to reflect continued softness in US sales trends, offset in part by the weaker USD. This suggests an EPS decline in 2013 and sales declines for 3 of 4 years. We lower our P/E and DCF-based 12-month price target by $1 to $43 to reflect our lower estimates. We retain our Sell rating.”
Shares of Hasbro (NYSE:HAS) traded down 1.94% on Monday, hitting $46.51. 128,948 shares of the company’s stock traded hands. Hasbro has a 1-year low of $34.91 and a 1-year high of $49.75. The stock has a 50-day moving average of $46.92 and a 200-day moving average of $45.97. The company has a market cap of $6.034 billion and a P/E ratio of 19.18.
Hasbro (NYSE:HAS) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.06. The company had revenue of $766.30 million for the quarter, compared to the consensus estimate of $793.00 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Hasbro from a “sell” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $53.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. Finally, analysts at Ned Davis Research upgraded shares of Hasbro from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Hasbro currently has an average rating of “Hold” and an average price target of $47.71.
Hasbro, Inc, engaged in providing children’s and family leisure time products with a range of portfolio of brands and entertainment properties.
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