Hasbro Rating Lowered to Underperform at BMO Capital Markets (HAS)

By admin | 6 years ago

Hasbro (NYSE: HAS) was downgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report issued on Friday.

Shares of Hasbro traded up 1.63% during mid-day trading on Friday, hitting $36.68. Hasbro has a one year low of $31.36 and a one year high of $48.43. The company has a market cap of $4.753 billion and a P/E ratio of 13.20.

Hasbro last issued its quarterly earnings data on Monday, April 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.08. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Hasbro will post $1.35 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Citigroup (NYSE: C) cut their price target on shares of Hasbro from $39.00 to $36.00 in a research note to investors on Tuesday, April 24th. Separately, analysts at Needham & Company cut their price target on shares of Hasbro from $42.00 to $39.00 in a research note to investors on Tuesday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Hasbro in a research note to investors on Monday, April 16th.

Hasbro, Inc. (Hasbro) is engaged in providing children’s and family leisure time products and services with a portfolio of brands and entertainment properties, including a range of toys, games and licensed products.

About the author