Mattel Rating Reiterated by SunTrust (MAT)
Mattel (NYSE:MAT)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust in a research report issued to clients and investors on Wednesday, American Banking & Market News reports.
Mattel (NYSE:MAT) opened at 40.39 on Wednesday. Mattel has a 52 week low of $34.85 and a 52 week high of $48.48. The stock has a 50-day moving average of $41.77 and a 200-day moving average of $43.67. The company has a market cap of $13.917 billion and a P/E ratio of 18.13.
Mattel (NYSE:MAT) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Mattel will post $2.70 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MAT. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Mattel in a research note to investors on Monday. They now have a $38.00 price target on the stock, down previously from $39.00. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.15.
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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