Spin Master Corp (TSE:TOY) has received a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$63.75.
TOY has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating and issued a C$65.00 price target on shares of Spin Master in a research report on Tuesday, September 18th. National Bank Financial set a C$65.00 price target on shares of Spin Master and gave the company an “outperform” rating in a research report on Thursday, August 9th. TD Securities raised 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, Royal Bank of Canada raised 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.
In related news, insider Chris Harrs sold 21,900 shares of the firm’s stock in a transaction dated 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 opened at C$48.40 on Friday. Spin Master has a fifty-two week low of C$43.73 and a fifty-two week high of C$61.76.
Spin Master (TSE:TOY) last announced its quarterly earnings results on Wednesday, August 1st. The company reported C$0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.21 by C$0.01. Spin Master had a net margin of 17.96% and a return on equity of 104.00%. The business had revenue of C$402.03 million for the quarter, compared to analysts’ expectations of C$366.16 million.
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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