Analyst Raise Hasbro's Price Target
Tuesday, March 13th, 2007 10:05PM CDT
Categories: Movie Related News, Toy News, Company News, Digital Media NewsPosted by: Hotrod Views: 23,049
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Posted by Prowl76 on March 13th, 2007 @ 10:13pm CDT
Posted by Hotrod on March 13th, 2007 @ 10:14pm CDT
Posted by 1337W422102 on March 13th, 2007 @ 10:16pm CDT
Posted by Dr. Caelus on March 13th, 2007 @ 10:49pm CDT
Posted by emeraldbeacon on March 14th, 2007 @ 12:57am CDT
According to this analyst, Hasbro stock has had a price target of $29 - meaning, it should be around $29, thus buy if it's lower, sell if it's higher. That price target has been raised to $32. This means that in his opinion, Hasbro stock is $3 more valuable (per share) than it previously was, in his estimation.
As for the second number, earnings-per-share, that refers to the total projected earnings for Hasbro over a given time period (usually 1-2 years) divided by the total number of shares. Hence, Hasbro is expected to make more money per share in the future than it has in the past.
What does this mean to the general consumer? Hasbro is expected to draw in more profit in the next year or so. Perhaps that means they will use that profit wisely, invest in R&D, and provide new and exciting things to us. Perhaps it means they'll squander it on fruitless projects like "Barbie Transformers", where Barbie's new pink convertible turns into Optimus Prime.
Basically, unless you're a stockbroker, this news is mostly irrelevant. And, it should also be taken with a grain of salt... this is one accounting firm's rating for Hasbro. One of many - and not all of the firm's ratings are always positive. Most of them say Hasbro is overperforming the industry (good for now, but it makes Hasbro a poor choice for buyers), and is generally rated as "don't buy it right now. If you have it, it might be time to sell soon."
Posted by Black Bumblebee on March 14th, 2007 @ 8:39am CDT
Posted by Kayevcee on March 14th, 2007 @ 9:37am CDT
I'm not surprised Hasbro's stock is being revalued higher. They're expected to have two highly successful (Spider-man III and TF) and two moderately successful (Ghost Rider and FF2) films coming out this year based on licenses they make toys for, and in the case of TF a license they own outright. Off the back of that alone they're looking at serious cash, without the Star Wars 30th anniversary stuff, MLP and their wide range of board games factored in.
-Nick