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Trader Alert: M&T Bank Corporation (MTB), Hasbro, Inc. (HAS), Cognizant Technology Solutions Corporation (CTSH)

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M&T Bank Corporation (MTB) grew with the stock adding 0.85% or $1.42 to close at $168.22 on light trading volume of 1.08M compared its three months average trading volume of 981.05K. The Buffalo New York 14203 based company operating under the Regional – Northeast Banks industry has been trending up for the last 52 weeks, with the shares price now 58.18% up for the period and up by 7.54% so far this year. With price target of $156.43 and a 68.93% rebound from 52-week low, M&T Bank Corporation has plenty of upside potential, making it a hold with a view buy.

M&T Bank Corporation operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company’s Commercial Real Estate segment offers credit services, which are secured by various types of multifamily residential and commercial real estate properties, as well as deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits, as well as foreign exchange services. The company’s Residential Mortgage Banking segment originates and services residential real estate loans and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust and wealth management services; fiduciary and custodial services; investment management services; and insurance agency services, as well as reinsures credit life. The company offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2015, it had 807 banking offices in the United States; a commercial banking office in Canada; and an office in the Cayman Islands. The company was founded in 1856 and is headquartered in Buffalo, New York.

Hasbro, Inc. (HAS) dropped $-0.33 to close the day at a new closing price of $97.8, a -0.34% decrease in value from its previous closing price that moved the stock 42.19% above its 52 week low of $71.2. A total of 1.98M shares exchanged hands during the day compared with its three month average trading volume of 1.72M. The stock, which fluctuated between $97.54 and $98.58 during the day, currently situated -0.97% below its 52 week high. The stock is up by 17.35% in the past one month and up by 16.33% over the past three months. With a one year target estimate of $93.11 and RSI of 75.05, the stock still has upside potential, making it a sell for now.

Hasbro, Inc., together with its subsidiaries, provides children’s and family leisure time products and services worldwide. It operates through U.S. and Canada, International, Entertainment and Licensing, and Global Operations segments. The company’s product offerings include various toys comprising boys’ action figures, arts and crafts, creative play products, girls’ toys, electronic toys and related electronic interactive products, fashion and other dolls, infant products, play sets, preschool toys, plush products, sports action blasters and accessories, and vehicles and toy-related specialty products. It also offers games comprising face to face, board, off-the-board, digital, card, electronic, trading card, role-playing games, puzzles, and others. The company’s franchise brands include LITTLEST PET SHOP, MAGIC: THE GATHERING, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH, and TRANSFORMERS; challenger brands comprise BABY ALIVE, FURBY, FURREAL FRIENDS, KRE-O, PLAYSKOOL, and PLAYSKOOL HEROES; and gaming mega brands primarily consists of CONNECT 4, ELEFUN & FRIENDS, JENGA, THE GAME OF LIFE, OPERATION, SCRABBLE, TRIVIAL PURSUIT, and TWISTER. In addition, it produces television programming primarily based on its brands, as well as distributes such programming. Further, the company distributes television programming to broadcasters and cable networks, as well as on various digital platforms, such as Netflix and iTunes. Additionally, it develops games for tablets and mobile devices comprising DRAGONVALE; and is involved in the consumer products licensing, digital gaming, and movie entertainment operations. Hasbro, Inc. sells its products to wholesalers, distributors, chain stores, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as Internet-based e-tailers. The company was founded in 1923 and is headquartered in Pawtucket, Rhode Island.

Cognizant Technology Solutions Corporation (CTSH) shares were down in last trading by -0.49% to $57.36. It experienced higher than average volume on day. The stock increased in value by almost 6.64% over the past week and grew 1.49% in the past month. It is currently trading 2.49% above its 50 day moving average and 1.6% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -9.28% decrease in value from its one year high of $63.23. The RSI indicator value of 58.09, lead us to believe that it is a hold for now.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services include IT strategy consulting, program management consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship management implementation services. The company also offers enterprise information management services, such as strategic, advisory, and management consulting; enterprise data management; descriptive analytics/business intelligence; strategic corporate performance management; and packaged analytics services, as well as big data services that assist clients in managing and deriving actionable insights. In addition, it provides application testing services; and develops, licenses, implements, and supports proprietary and third-party software products, as well as offers digital technologies services. Further, the company offers outsourcing services, such as application maintenance services; IT infrastructure services; and business process services, including clinical data management, pharmacovigilance, equity research support, commercial operations, and order management. It serves various industries, including banking and insurance; healthcare and life sciences; manufacturing and logistics; retail, travel, and hospitality; consumer goods; communications; information, media, and entertainment; and technology. The company markets and sells services through its professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1998 and is headquartered in Teaneck, New Jersey.

 

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