Spin Master (TSE:TOY) Price Target Raised to C$27.00 at TD

Spin Master (TSE:TOY) had its price objective increased by investment analysts at TD from C$26.00 to C$27.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target points to a potential upside of 27.30% from the company’s current price.

Several other research analysts also recently commented on the company. Jefferies Financial Group lifted their target price on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus raised their price target on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Friday, March 6th. ATB Cormark Capital Markets lifted their price objective 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. Royal Bank Of Canada decreased their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, Canaccord Genuity Group dropped their price objective 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. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$27.20.

Spin Master Stock Performance

Shares of TOY stock traded up C$0.59 on Friday, reaching C$21.21. The stock had a trading volume of 142,810 shares, compared to its average volume of 189,661. Spin Master has a 12 month low of C$17.13 and a 12 month high of C$26.34. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of -13.77, a P/E/G ratio of 0.57 and a beta of 0.78. The firm’s 50-day moving average is C$18.97 and its two-hundred day moving average is C$19.02. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 35.23.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$456.71 million for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. On average, research analysts expect that Spin Master will post 3.1361829 EPS for the current fiscal year.

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.