Morgan Stanley Forecasts Strong Price Appreciation for Mattel (NASDAQ:MAT) Stock

Mattel (NASDAQ:MAT) had its price target boosted by Morgan Stanley from $22.00 to $23.00 in a research report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on MAT. Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a research note on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Up 15.3 %

MAT stock opened at $20.84 on Wednesday. The firm has a market cap of $7.02 billion, a PE ratio of 13.03, a P/E/G ratio of 0.88 and a beta of 0.76. Mattel has a 12 month low of $15.87 and a 12 month high of $21.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The firm has a 50 day simple moving average of $18.46 and a 200 day simple moving average of $18.82.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same period in the previous year, the company earned $0.29 EPS. Equities research analysts forecast that Mattel will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Mattel in the 3rd quarter valued at approximately $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the third quarter worth approximately $34,000. West Oak Capital LLC raised its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after acquiring an additional 775 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.