JAKKS Pacific Upgraded by B. Riley to “Buy” (JAKK)
JAKKS Pacific (NASDAQ:JAKK) was upgraded by stock analysts at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Thursday, Analyst Ratings News reports. The firm currently has a $8.50 price objective on the stock, up from their previous price objective of $4.50. B. Riley’s price objective indicates a potential upside of 37.21% from the company’s current price.
JAKK has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of JAKKS Pacific from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Needham & Company upgraded shares of JAKKS Pacific from an “underperform” rating to a “hold” rating in a research note to investors on Wednesday, September 25th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. JAKKS Pacific currently has a consensus rating of “Hold” and an average target price of $9.20.
Shares of JAKKS Pacific (NASDAQ:JAKK) opened at 6.195 on Thursday. JAKKS Pacific has a one year low of $5.00 and a one year high of $16.44. The stock’s 50-day moving average is $5.37 and its 200-day moving average is $9.09. The company’s market cap is $135.8 million.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.05. The company had revenue of $310.90 million for the quarter, compared to the consensus estimate of $297.88 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that JAKKS Pacific will post $-2.74 EPS for the current fiscal year.
JAKKS Pacific, Inc (NASDAQ:JAKK) is a multi-line, multi-brand toy company that designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products.
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