Mattel (MAT) : Analyst Rating Update

Mattel (MAT) : 14 analysts are covering Mattel (MAT) and their average rating on the stock is 2, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Mattel (MAT) : The most positive equity analysts on Mattel (MAT) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $33.6 with an expected fluctuation of $3.63 from the mean.

Mattel (NASDAQ:MAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.52 and $31.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.13, notching a gain of 1.61% for the day. The total traded volume was 3,242,100 . The stock had closed at $31.62 on the previous day.

Also, JP Morgan initiates coverage on Mattel (NASDAQ:MAT) The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $38 per share. The rating by the firm was issued on April 7, 2016. The company shares have rallied 21.43% from its 1 Year high price. On Apr 18, 2016, the shares registered one year high at $34.76 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $31.31 and the 200 Day Moving Average price is recorded at $30.85.

MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl. The Companys North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories. The Companys International segment products are developed and marketed by the North America segment, although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer, childrens publisher, and retailer for its line of historical dolls, books, and accessories, as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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