Spin Master (TSE:TOY) Price Target Raised to C$26.00 at Jefferies Financial Group

Spin Master (TSE:TOY) had its price objective raised by equities researchers at Jefferies Financial Group from C$23.00 to C$26.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 28.14% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. TD Securities dropped their price target on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. ATB Cormark Capital Markets boosted their price target on shares of Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Canaccord Genuity Group dropped their price target on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. National Bank Financial dropped their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus lifted their price target on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Spin Master presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.22.

Spin Master Stock Performance

Shares of TSE TOY traded down C$0.35 during midday trading on Friday, reaching C$20.29. 244,020 shares of the company traded hands, compared to its average volume of 150,653. Spin Master has a 52 week low of C$17.13 and a 52 week high of C$26.34. The stock has a 50-day moving average price of C$18.49 and a 200 day moving average price of C$19.33. The company has a debt-to-equity ratio of 37.50, a current ratio of 1.14 and a quick ratio of 2.06. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of -13.90, a PEG ratio of 0.57 and a beta of 0.76.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%.The business had revenue of C$456.71 million during the quarter. Sell-side analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

About Spin Master

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.