Shares of Spin Master Corp (TSE:TOY) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$49.91.
Several equities research analysts have weighed in on TOY shares. TD Securities cut their target price on shares of Spin Master from C$57.00 to C$55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group cut their target price on shares of Spin Master from C$40.00 to C$39.00 in a report on Friday, August 23rd. BMO Capital Markets increased their target price on shares of Spin Master from C$49.00 to C$50.00 in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their target price on shares of Spin Master from C$54.00 to C$55.00 in a report on Friday, August 2nd.
In related news, Director Benoit Gadbois sold 108,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$40.50, for a total transaction of C$4,374,043.20. Following the sale, the director now directly owns 684,373 shares in the company, valued at C$27,717,380.25.
TOY opened at C$37.08 on Wednesday. The firm’s fifty day moving average is C$41.20 and its two-hundred day moving average is C$40.79. The company has a debt-to-equity ratio of 12.47, a quick ratio of 1.44 and a current ratio of 2.00. The firm has a market cap of $1.21 billion and a PE ratio of 34.92. Spin Master has a twelve month low of C$34.93 and a twelve month high of C$49.30.
Spin Master (TSE:TOY) last posted its earnings results on Wednesday, July 31st. The company reported C$0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.15 by C$0.10. The firm had revenue of C$429.36 million during the quarter, compared to analyst estimates of C$398.34 million. Equities analysts forecast that Spin Master will post 1.7800001 EPS for the current fiscal year.
Spin Master Company Profile
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. The company sells toys and related products to retail customers and distributors, as well as online.
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