Spin Master Corp. (TSE:TOY) Receives C$51.91 Average Price Target from Analysts

Spin Master Corp. (TSE:TOY) has been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$51.91.

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Spin Master from C$55.00 to C$58.00 in a research report on Friday, August 6th. Royal Bank of Canada boosted their price objective on shares of Spin Master from C$56.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. National Bankshares boosted their price objective on shares of Spin Master from C$56.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. National Bank Financial boosted their price objective on shares of Spin Master to C$58.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. Finally, Scotiabank lifted their target price on shares of Spin Master from C$45.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Monday, August 9th.

Shares of TSE:TOY traded up C$0.72 during trading on Wednesday, reaching C$44.53. The stock had a trading volume of 33,211 shares, compared to its average volume of 92,382. Spin Master has a 52 week low of C$25.54 and a 52 week high of C$54.18. The business’s 50-day moving average price is C$46.81 and its 200 day moving average price is C$43.12. The company has a debt-to-equity ratio of 8.46, a current ratio of 2.00 and a quick ratio of 1.57. The stock has a market capitalization of C$4.56 billion and a PE ratio of 29.17.

Spin Master (TSE:TOY) last posted its earnings results on Wednesday, August 4th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.27. The firm had revenue of C$480.17 million during the quarter, compared to the consensus estimate of C$433.14 million. Analysts forecast that Spin Master will post 1.7900001 EPS for the current year.

About Spin Master

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; pre-school and girls; boys action and construction; remote control and interactive characters; and outdoor.

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Analyst Recommendations for Spin Master (TSE:TOY)

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