Analyst Rating Update on Hasbro (HAS)

Hasbro (NASDAQ:HAS) : 1 brokerage houses believe that Hasbro (NASDAQ:HAS) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hasbro (NASDAQ:HAS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.83.

Hasbro (NASDAQ:HAS) : The highest short term price target forecast on Hasbro (NASDAQ:HAS) is $93 and the lowest target price is $76. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $86.7 with a standard deviation of $5.33.

Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains their rating on the shares of Hasbro (NASDAQ:HAS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $98 per share from $85 per share. The rating by the firm was issued on June 6, 2016.

Hasbro (NASDAQ:HAS): stock turned positive on Tuesday. Though the stock opened at $80.9, the bulls momentum made the stock top out at $83.0199 level for the day. The stock recorded a low of $80.68 and closed the trading day at $82.76, in the green by 2.67%. The total traded volume for the day was 1,286,230. The stock had closed at $80.61 in the previous days trading.

In an insider trading activity,The officer (EVP, Chief Gbl Ops & Bus Dvpmt) of Hasbro Inc, Billing Duncan sold 3,514 shares at $87.27 on May 26, 2016. The Insider selling transaction had a total value worth of $306,667. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.