Mattel (NASDAQ:MAT) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
A number of other research firms also recently weighed in on MAT. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Stifel Nicolaus restated a “hold” rating and issued a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Barclays boosted their target price on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup boosted their target price on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.00.
Shares of Mattel (NASDAQ:MAT) opened at $16.00 on Wednesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. Mattel has a 12-month low of $12.71 and a 12-month high of $26.30.
A number of institutional investors have recently made changes to their positions in MAT. Highlander Capital Management LLC purchased a new position in Mattel in the 2nd quarter worth approximately $105,000. Calton & Associates Inc. purchased a new position in Mattel in the 4th quarter worth approximately $112,000. Zeke Capital Advisors LLC purchased a new position in Mattel in the 3rd quarter worth approximately $163,000. Hartland & Co. LLC purchased a new position in Mattel in the 3rd quarter worth approximately $165,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel in the 4th quarter worth approximately $206,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Mattel (MAT) Upgraded to “Hold” by BidaskClub” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://sportsperspectives.com/2018/02/09/mattel-mat-upgraded-to-hold-by-bidaskclub.html.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.