Hasbro was Upgraded to a Buy Rating at Barclays

By Austin Angelo

Hasbro (NASDAQ: HAS) received a Buy rating from Barclays analyst Felicia Hendrix today. The company’s shares closed yesterday at $89.75.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.3% and a 63.6% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Norwegian Cruise Line.

Currently, the analyst consensus on Hasbro is Moderate Buy and the average price target is $106.86, representing a 19.1% upside.

In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $124 price target.

Based on Hasbro’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.79 billion and quarterly net profit of $266 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $258 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.

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.

Hasbro, Inc. engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The company operates under the brand names such as Littlest Pet Shop; Magic: The Gathering; Monopoly; My Little Pony; Nerf; Play-Doh; and Transformers.