Spin Master (TSE:TOY) PT Raised to C$50.00

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Spin Master (TSE:TOY) had its target price increased by BMO Capital Markets from C$49.00 to C$50.00 in a research report report published on Friday, BayStreet.CA reports.

Several other analysts also recently weighed in on the company. Cormark decreased their target price on Spin Master from C$39.00 to C$37.00 in a research note on Friday, May 10th. Royal Bank of Canada decreased their target price on Spin Master from C$55.00 to C$54.00 and set an outperform rating for the company in a research note on Friday, May 10th. DA Davidson restated a buy rating and set a C$51.00 target price on shares of Spin Master in a research note on Tuesday, April 9th. Raymond James set a C$55.00 target price on Spin Master and gave the company an outperform rating in a research note on Friday, May 10th. Finally, TD Securities decreased their target price on Spin Master from C$57.00 to C$55.00 and set a buy rating for the company in a research note on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$50.00.

Shares of TSE:TOY opened at C$40.30 on Friday. The firm’s 50 day simple moving average is C$38.08. Spin Master has a twelve month low of C$34.93 and a twelve month high of C$56.79. The company has a market cap of $1.25 billion and a P/E ratio of 26.69. The company has a debt-to-equity ratio of 12.47, a quick ratio of 1.44 and a current ratio of 2.00.

Spin Master (TSE:TOY) last announced its earnings results on Wednesday, July 31st. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The business had revenue of C$429.36 million for the quarter, compared to the consensus estimate of C$398.34 million. On average, research analysts predict that Spin Master will post 1.7600001 EPS for the current fiscal year.

In other Spin Master news, Director Benoit Gadbois sold 108,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$40.50, for a total value of C$4,374,043.20. Following the completion of the transaction, the director now owns 684,373 shares of the company’s stock, valued at approximately C$27,717,380.25.

About Spin Master

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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