Mattel (MAT) Cut to Hold at ValuEngine

ValuEngine cut shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a report released on Thursday.

MAT has been the subject of a number of other research reports. Jefferies Financial Group set a $13.00 price objective on Mattel and gave the stock a hold rating in a report on Sunday, October 28th. BidaskClub upgraded Mattel from a sell rating to a hold rating in a report on Tuesday, November 27th. Zacks Investment Research downgraded Mattel from a hold rating to a sell rating in a report on Tuesday, October 9th. Wells Fargo & Co decreased their price objective on Mattel from $18.00 to $16.00 and set an outperform rating for the company in a report on Tuesday, December 4th. Finally, UBS Group decreased their price objective on Mattel from $18.00 to $16.00 and set a hold rating for the company in a report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $14.70.

MAT opened at $11.79 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -10.92 and a beta of 1.09. Mattel has a 12-month low of $11.66 and a 12-month high of $18.88.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. On average, equities analysts predict that Mattel will post -1.02 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Federated Investors Inc. PA bought a new position in shares of Mattel during the third quarter valued at $83,000. ELM Advisors LLC bought a new position in shares of Mattel during the third quarter valued at $131,000. Alps Advisors Inc. bought a new position in shares of Mattel during the second quarter valued at $182,000. Korea Investment CORP bought a new position in shares of Mattel during the third quarter valued at $212,000. Finally, Verition Fund Management LLC bought a new position in shares of Mattel during the second quarter valued at $222,000.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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