Spin Master (TSE: TOY – Get Grade) had its price target reduced by analysts at Jefferies Financial Group from C$60.00 to C$56.00 in a research report released Friday to clients and investors, BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 28.77% from the current stock price.
Several other analysts have also recently commented on TOY. Canaccord Genuity Group raised its price target on shares of Spin Master from C$60.00 to C$67.00 in a Friday, May 6 research report. Scotiabank raised its price target on shares of Spin Master from C$55.00 to C$58.00 in a Monday, May 9 research report. CIBC raised its price target on shares of Spin Master from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a Sunday, May 8 research report. BMO Capital Markets began covering Spin Master shares in a research report on Friday, May 6. They set a “buy” rating and price target of C$64.00 for the company. Finally, TD Securities raised its price target on shares of Spin Master from C$60.00 to C$65.00 and assigned the stock a “buy on stock list” rating in a report of research of Thursday, May 5. Two equity research analysts gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, Spin Master currently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.58.
Spin Master trades down 0.1%
Spin Master stock traded C$0.03 midday on Friday, hitting C$43.49. 43,456 shares were traded, against an average volume of 67,925. The company has a quick ratio of 2.15, a current ratio of 2.67 and a leverage ratio of 6.82. Spin Master has a 12-month low of C$39.85 and a 12-month high of C$54.18. The company’s fifty-day simple moving average is C$43.83 and its two-hundred-day simple moving average is C$44.71. The stock has a market cap of C$4.48 billion and a price-earnings ratio of 14.36.
Spin Master (TSE:TOY – Get Rating) last released its quarterly results on Wednesday, May 4. The company reported earnings per share (EPS) of C$0.70 for the quarter, beating the consensus estimate of C$0.15 by C$0.55. The company posted revenue of C$537.35 million for the quarter, compared to a consensus estimate of C$470.59 million. Analysts expect Spin Master to post 3.3100002 EPS for the current year.
About Spin Master
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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 globally. Its product categories include activities, games and puzzles and soft toys; preschool, dolls and interactive; wheels and action; and exterior.
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