An image of glasses on top of newspaper
Markets

Hasbro’s Target, Estimates Lowered at Goldman Sachs (HAS)

Toymaker Hasbro, Inc. ( HAS ) on Tuesday caught some negative commentary from analysts at Goldman Sachs.

The firm said it now expects HAS shares to reach $38, suggesting a smaller 16% upside to the stock's Monday closing price of $32.78. Goldman also lowered its earnings estimates for the company, citing uninspiring results from recent channel checks.

Hasbro shares, which have plunged more than 30% year-to-date, were unchanged in premarket trading Tuesday.

The Bottom Line

Shares of Hasbro ( HAS ) have a 3.66% dividend yield, based on last night's closing stock price of $32.78. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $34-$37 price levels.

Hasbro, Inc. ( HAS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HAS

Other Topics

Stocks

Latest Markets Videos