Mattel Rating Increased to Hold at Jefferson Research (MAT)
Mattel (NYSE:MAT) was upgraded by analysts at Jefferson Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, American Banking and Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Thursday, October 17th. They now have a $44.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Mattel from $46.00 to $44.00 in a research note to investors on Thursday, October 17th. They now have a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.60.
Mattel (NYSE:MAT) traded up 1.01% on Tuesday, hitting $44.5601. 1,026,490 shares of the company’s stock traded hands. Mattel has a one year low of $34.58 and a one year high of $48.48. The stock’s 50-day moving average is $41.87 and its 200-day moving average is $43.56. The company has a market cap of $15.297 billion and a price-to-earnings ratio of 18.47.
Mattel (NYSE:MAT) last released its earnings data on Wednesday, October 16th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $1.04 earnings per share. Mattel’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Mattel will post $2.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, November 25th.
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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