Brokerages Set Spin Master Corp (TOY) Target Price at $63.75

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Spin Master Corp (TSE:TOY) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$63.75.

Several analysts have recently weighed in on TOY shares. National Bank Financial lifted their price objective on shares of Spin Master from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd. Royal Bank of Canada lifted their price target on shares of Spin Master from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. TD Securities lifted their price target on shares of Spin Master from C$67.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Barclays reissued an “overweight” rating and issued a C$65.00 price target on shares of Spin Master in a research report on Tuesday, September 18th.

In related news, insider Chris Harrs sold 21,900 shares of Spin Master stock in a transaction on Friday, September 28th. The shares were sold at an average price of C$53.40, for a total value of C$1,169,460.00.

Shares of TSE:TOY traded up C$0.21 during mid-day trading on Friday, hitting C$49.75. The company had a trading volume of 72,200 shares, compared to its average volume of 91,539. Spin Master has a one year low of C$43.73 and a one year high of C$61.76.

Spin Master (TSE:TOY) last released its quarterly earnings data on Wednesday, August 1st. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.21 by C$0.01. The company had revenue of C$402.03 million during the quarter, compared to analyst estimates of C$366.16 million. Spin Master had a net margin of 17.96% and a return on equity of 104.00%.

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. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.

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Analyst Recommendations for Spin Master (TSE:TOY)

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