Needham & Company Gives Buy Rating to Hasbro (HAS)

By admin | 6 years ago

Hasbro (NYSE: HAS)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company in a note issued to investors on Friday.

Shares of Hasbro traded up 0.93% during mid-day trading on Friday, hitting $34.91. Hasbro has a one year low of $31.36 and a one year high of $48.43. The company has a market cap of $4.527 billion and a P/E ratio of 12.65.

Hasbro last issued its quarterly earnings data on Monday, April 23rd. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.08. Hasbro’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Hasbro will post $1.33 earnings per share next quarter.

HAS has been the subject of a number of other recent research reports. Analysts at SunTrust (NYSE: STI) initiated coverage on shares of Hasbro in a research note to investors on Friday, May 18th. They set a “neutral” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Hasbro in a research note to investors on Tuesday, May 15th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hasbro in a research note to investors on Tuesday, May 15th. They now have a $37.00 price target on the stock.

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.

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