Roth MKM analyst Eric Handler maintains $Hasbro (HAS.US)$ with a buy rating, and maintains the target price at $82.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hasbro (HAS.US)$'s main analysts recently are as follows:
The company has adjusted its Consumer Products sales forecast downward due to reduced closeout sales and Star Wars-related pressures. Nevertheless, there remains a positive stance towards the toy industry, which is supported by notably clean inventories, increased retailer involvement, and opportunities for the company's improvement.
The recent decline in Hasbro's shares following earnings, estimated at approximately 6%, is considered excessive. The key elements supporting the investment rationale remain firmly in place. The company's impressive profitability during the quarter is indicative of ongoing progress in its transformation initiatives and bolsters confidence in the business's future earning capabilities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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