Mattel Stock Rating Lowered by Goldman Sachs Group Inc. (MAT)
Mattel (NYSE:MAT) was downgraded by investment analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $40.00 price target on the stock, down from their previous price target of $46.62. Goldman Sachs Group Inc.’s price target points to a potential downside of 13.12% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Mattel from a “neutral” rating to a “buy” 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, December 26th. They now have a $48.00 price target on the stock. Finally, analysts at Needham & Company raised their price target on shares of Mattel to $50.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.30.
Shares of Mattel (NYSE:MAT) traded down 1.24% during mid-day trading on Tuesday, hitting $46.04. 4,120,132 shares of the company’s stock traded hands. Mattel has a 52-week low of $36.04 and a 52-week high of $48.48. The stock’s 50-day moving average is $45.9 and its 200-day moving average is $43.79. The company has a market cap of $15.582 billion and a price-to-earnings ratio of 19.51.
In other Mattel news, EVP Alan Kaye sold 25,000 shares of Mattel stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $47.51, for a total transaction of $1,187,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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