TD Securities Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its target price cut by investment analysts at TD Securities from C$30.00 to C$26.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 39.71% from the company’s current price.

A number of other brokerages have also issued reports on TOY. Canaccord Genuity Group dropped their target price on Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. CIBC lifted their price objective on Spin Master from C$23.00 to C$25.00 in a report on Friday, October 31st. Cormark cut their target price on Spin Master from C$44.00 to C$39.00 in a research report on Friday, October 31st. National Bankshares decreased their price target on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and an average price target of C$26.88.

Spin Master Trading Down 1.0%

TSE TOY opened at C$18.61 on Thursday. The stock has a market cap of C$1.87 billion, a P/E ratio of 34.46, a PEG ratio of 0.57 and a beta of 0.66. The company’s fifty day simple moving average is C$19.78 and its 200-day simple moving average is C$20.96. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. Spin Master has a 52 week low of C$18.46 and a 52 week high of C$31.93.

Spin Master (TSE:TOY) last released its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The firm had revenue of C$1.02 billion for the quarter. Equities research analysts predict that Spin Master will post 3.1361829 EPS for the current fiscal year.

About Spin Master

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.