TD Securities Cuts Spin Master (TSE:TOY) Price Target to C$26.00

Spin Master (TSE:TOY) had its price objective cut by investment analysts at TD Securities from C$30.00 to C$26.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 38.22% from the stock’s previous close.

A number of other research analysts have also weighed in on TOY. Jefferies Financial Group dropped their price target on shares of Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Royal Bank Of Canada decreased their price objective on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. National Bankshares cut their target price 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. Canaccord Genuity Group reduced their target price on Spin Master from C$24.00 to C$20.00 in a report on Wednesday, October 22nd. Finally, CIBC lifted their price target on Spin Master from C$23.00 to C$25.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$26.88.

Spin Master Stock Up 0.6%

Shares of Spin Master stock traded up C$0.12 on Thursday, hitting C$18.81. The company had a trading volume of 190,606 shares, compared to its average volume of 122,686. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 0.57 and a beta of 0.66. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a 1 year low of C$18.46 and a 1 year high of C$32.17. The stock has a 50 day moving average of C$19.81 and a 200-day moving average of C$21.01.

Spin Master (TSE:TOY) last released its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 EPS for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%.The business had revenue of C$1.02 billion during the quarter. As a group, sell-side analysts forecast that Spin Master will post 3.1361829 earnings per share 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.