Mattel Receives Neutral Rating from Goldman Sachs Group Inc. (MAT)
Mattel (NYSE:MAT)‘s stock had its “neutral” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued on Monday, ARN reports. They currently have a $38.00 target price on the stock, down from their previous target price of $39.00. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 10.69% from the company’s current price.
The analysts wrote, “We lower our 2013-15 EPS estimates to $2.52/$2.63/$2.83 ($2.54/$2.70/$2.90) to reflect a downturn in recent US trends, offset in part by the weaker USD. This suggests no EPS growth in 2013 after a strong run 2010-12. We lower our P/E and DCF-based 12 month price target by $1 to $38 to reflect our lower estimates. Our Neutral rating is unchanged.”
MAT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Friday, September 6th. They now have a $43.00 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Mattel from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 19th. They now have a $46.00 price target on the stock, down previously from $50.00. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.15.
Mattel (NYSE:MAT) traded down 2.51% on Monday, hitting $41.48. 390,728 shares of the company’s stock traded hands. Mattel has a 52 week low of $34.85 and a 52 week high of $48.48. The stock’s 50-day moving average is $41.8 and its 200-day moving average is $43.68. The company has a market cap of $14.292 billion and a price-to-earnings ratio of 19.10.
Mattel (NYSE:MAT) last announced its earnings results on Wednesday, July 17th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.28 earnings per share. Mattel’s revenue was up .9% compared to the same quarter last year.
Mattel, Inc (NYSE:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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