ATB Cormark Capital Markets Issues Positive Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its target price upped by equities research analysts at ATB Cormark Capital Markets from C$36.00 to C$38.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 106.30% from the stock’s previous close.

Several other research firms have also recently weighed in on TOY. Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. National Bank Financial dropped their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Royal Bank Of Canada reduced their target price on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, TD Securities decreased their price target on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$27.22.

Spin Master Trading Down 1.0%

Shares of TSE:TOY traded down C$0.19 during mid-day trading on Friday, hitting C$18.42. The company had a trading volume of 94,815 shares, compared to its average volume of 113,069. The company has a debt-to-equity ratio of 39.76, a current ratio of 1.13 and a quick ratio of 2.06. Spin Master has a one year low of C$17.88 and a one year high of C$26.81. The firm has a fifty day moving average price of C$19.39 and a 200 day moving average price of C$20.23. The company has a market capitalization of C$1.86 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.75.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.56 EPS for the quarter. The business had revenue of C$818.82 million during the quarter. Spin Master had a net margin of 2.60% and a return on equity of 4.03%. As a group, research analysts forecast that Spin Master will post 3.1361829 EPS for the current year.

Spin Master Company Profile

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.