Analyst Rating Update on Hasbro (HAS)

Hasbro (HAS) : Zacks Investment Research ranks Hasbro (HAS) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.

Hasbro (HAS) : The highest level Hasbro (HAS) is projected to reach is $93 for the short term and the lowest estimate is at $76. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $86.56 and the possibility the share price can swing is $5.22.

Company shares have received an average consensus rating of Hold for the current week


Hasbro (NASDAQ:HAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.21 and $80.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.81, notching a gain of 0.51% for the day. The total traded volume was 910,281 . The stock had closed at $80.40 on the previous day.

Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.

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