Research Analysts’ Weekly Ratings Changes for Hasbro (HAS)

Several brokerages have updated their recommendations and price targets on shares of Hasbro (NASDAQ: HAS) in the last few weeks:

  • 11/27/2017 – Hasbro had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $83.00 price target on the stock.
  • 11/21/2017 – Hasbro was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hasbro‘s earnings have topped the Zacks Consensus Estimate in all the trailing 11 quarters. Revenues too have been mostly surpassing the consensus mark. Consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets is likely to continue driving the top- and bottom–line performance. However, Hasbro’s shares underperformed the industry over the past six months. The recent Toys "R" Us bankruptcy may continue to impact Hasbro’s revenue and operating profit in the near-term and weigh on its performance. Even so, rich content slate, new product launches, various sales boosting initiatives along with a favorable gaming portfolio is expected to drive growth ahead.  Yet, rising competition from alternative modes of entertainment might limit top-line growth, while high costs along with macroeconomic and currency headwinds may dent profits.”
  • 11/14/2017 – Hasbro was given a new $124.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 11/13/2017 – Hasbro was given a new $104.00 price target on by analysts at UBS AG. They now have a “hold” rating on the stock.
  • 10/26/2017 – Hasbro was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hasbro’s third-quarter 2017 adjusted earnings of $2.09 per share surpassed the Zacks Consensus Estimate by 8.3% and grew 3% year over year. Also, revenues of $1.79 billion rose 7% year over year and topped the consensus mark by over 1%. The company’s revenues projected improvement in three out of its four brand portfolio categories. However, Hasbro’s shares underperformed the industry over the past three months. Meanwhile, the recent Toys "R" Us bankruptcy may continue to impact Hasbro’s revenue and operating profit in the near-term and weigh on its performance. The challenging retail environment for toys and increased competition from alternative modes of entertainment also raises concerns. Even so, consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets bode well. Still, high costs along with macroeconomic and currency headwinds may pressurize profits.”
  • 10/25/2017 – Hasbro had its “equal weight” rating reaffirmed by analysts at Barclays PLC.
  • 10/24/2017 – Hasbro had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $105.00 price target on the stock.
  • 10/24/2017 – Hasbro had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $124.00 price target on the stock, up previously from $121.00.
  • 10/24/2017 – Hasbro was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $110.00 price target on the stock.
  • 10/24/2017 – Hasbro had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $95.00 price target on the stock, down previously from $100.00.
  • 10/24/2017 – Hasbro had its price target lowered by analysts at Stifel Nicolaus from $104.00 to $100.00. They now have a “hold” rating on the stock.
  • 10/16/2017 – Hasbro had its price target lowered by analysts at Stifel Nicolaus from $109.00 to $104.00. They now have a “hold” rating on the stock.
  • 10/12/2017 – Hasbro had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $102.00 price target on the stock.
  • 10/9/2017 – Hasbro was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hasbro’s shares underperformed the industry year to date. Given the challenging retail environment for toys and increased competition from alternative modes of entertainment, we remain cautious about a major upturn in the stock’s performance. Further, estimates have been going down ahead of its third quarter earnings release. Nevertheless, consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets bode well. Also, the company has positive record of earnings surprises in recent quarters. Still, high costs along with macroeconomic and currency headwinds may pressurize profits.”
  • 10/2/2017 – Hasbro had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $118.00 price target on the stock.

Shares of Hasbro, Inc. (HAS) opened at $93.02 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. Hasbro, Inc. has a one year low of $77.20 and a one year high of $116.20. The firm has a market cap of $11,680.82, a PE ratio of 20.00, a P/E/G ratio of 1.88 and a beta of 0.87.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts forecast that Hasbro, Inc. will post 5 EPS for the current year.

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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