Spin Master (TSE:TOY) Upgraded by National Bankshares to “Outperform” Rating

Spin Master (TSE:TOY) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a C$29.00 price target on the stock, up from their prior price target of C$26.00. National Bankshares’ price target would indicate a potential upside of 18.66% from the company’s previous close.

Other analysts have also issued research reports about the company. Canaccord Genuity Group lowered Spin Master from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$35.00 to C$26.00 in a report on Friday, May 2nd. Royal Bank of Canada dropped their price objective on Spin Master from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus reduced their target price on shares of Spin Master from C$40.00 to C$38.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group lowered their price target on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, TD Securities decreased their target price on shares of Spin Master from C$35.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$33.29.

Spin Master Trading Up 0.7 %

TSE TOY opened at C$24.44 on Thursday. The company’s 50-day simple moving average is C$24.02 and its two-hundred day simple moving average is C$29.07. Spin Master has a one year low of C$20.97 and a one year high of C$35.44. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 57.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

Insider Buying and Selling at Spin Master

In other news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value of C$31,898.15. 2.20% of the stock is currently owned by company insiders.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.