BMO Capital Thinks Mattel Inc’s Stock is Going to Recover

By Carrie Williams

BMO Capital analyst Gerrick Johnson maintained a Buy rating on Mattel Inc (NASDAQ: MAT) today and set a price target of $25. The company’s shares opened today at $19.54, close to its 52-week high of $34.24.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 9.6% and a 53.3% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Activision Blizzard.

Currently, the analyst consensus on Mattel Inc is Moderate Buy and the average price target is $22.29, representing a 14.1% upside.

In a report issued on July 28, UBS also maintained a Buy rating on the stock with a $26 price target.

The company has a one year high of $34.24 and a one year low of $19.16. Currently, Mattel Inc has an average volume of 6.87M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MAT in relation to earlier this year. Most recently, in May 2017, Dean Scarborough, a Director at MAT bought 4,500 shares for a total of $91,845.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mattel, Inc. engages in the design, manufacture, and sale of toys. It operates through the following segments: Mattel Girls & Boys Brands; Fisher-Price Brands; American Girl brands; and Construction and Arts & Crafts Brands.