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MKM Partners Sticks to Their Hold Rating for Mattel

MKM Partners analyst Eric Handler maintained a Hold rating on Mattel (NASDAQ:MAT) on Monday, setting a price target of $9, which is approximately 12.36% above the present share price of $8.01.

Handler expects Mattel to post earnings per share (EPS) of -$0.61 for the second quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Mattel, with an average price target of $10.5.
The analysts price targets range from a high of $16 to a low of $7.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $594.07 million and a net profit of -$149.81 million. The company's market cap is $2.78 billion.

According to TipRanks.com, MKM Partners analyst Eric Handler is a 5-star analyst with an average return of 7.6% and a 57.8% success rate.

Mattel, Inc. engages in the design, manufacture, and sale of toys. It operates through the following segments: North America, International and American Girl. The North America and International segment markets and sells toys in U.S. and Canada through the Mattel Girls & Boys, Fisher-Price, Construction and Arts & Crafts Brands. The American Girl Brands segment markets and sells historical dolls, books and accessories through Truly Me, Girl of the Year, Bitty Baby, and WellieWishers brands. The company was founded by Elliot Handler, Ruth Handler and Harold Matson (NYSE:MATX) in 1945 and is headquartered in El Segundo, CA.