SunTrust Starts Stock Coverage on Mattel (MAT)

By admin | 6 years ago

Equities researchers at SunTrust (NYSE: STI) began coverage on shares of Mattel (NYSE: MAT) in a report issued on Friday. The firm set a “buy” rating on the stock.

Shares of Mattel traded up 1.40% during mid-day trading on Friday, hitting $31.25. Mattel has a one year low of $22.70 and a one year high of $34.62. The company has a market cap of $10.643 billion and a P/E ratio of 14.20.

Mattel last issued its quarterly earnings data on Monday, April 16th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Mattel will post $0.98 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Friday, April 20th. They now have a $33.00 price target on the stock. Separately, analysts at Caris & Company raised their price target on shares of Mattel from $37.00 to $39.00 in a research note to investors on Tuesday, April 17th. They now have an “above average” rating on the stock. Finally, analysts at Citigroup (NYSE: C) reiterated a “buy” rating on shares of Mattel in a research note to investors on Monday, April 16th. They now have a $37.00 price target on the stock.

Mattel, Inc. designs, manufactures and markets a range of toy products worldwide through sales to its customers and directly to consumers.

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