Spin Master (TSE:TOY) Price Target Increased to C$50.00 by Analysts at BMO Capital Markets

Spin Master (TSE:TOY) had its price objective raised by BMO Capital Markets from C$49.00 to C$50.00 in a report released on Friday morning, BayStreet.CA reports.

TOY has been the subject of several other research reports. DA Davidson reissued a buy rating and issued a C$51.00 price objective on shares of Spin Master in a report on Tuesday, April 9th. Royal Bank of Canada decreased their price objective on Spin Master from C$55.00 to C$54.00 and set an outperform rating for the company in a report on Friday, May 10th. Raymond James set a C$55.00 price target on Spin Master and gave the company an outperform rating in a research note on Friday, May 10th. TD Securities cut their price target 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. Finally, Cormark cut their price target on Spin Master from C$39.00 to C$37.00 in a research note on Friday, May 10th. 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 target price of C$50.00.

Shares of TOY stock traded down C$1.77 on Friday, hitting C$40.30. The company had a trading volume of 285,300 shares, compared to its average volume of 106,200. The stock has a market capitalization of $1.25 billion and a price-to-earnings ratio of 26.69. The company’s 50-day simple moving average is C$38.15. The company has a current ratio of 2.00, a quick ratio of 1.44 and a debt-to-equity ratio of 12.47. Spin Master has a twelve month low of C$34.93 and a twelve month high of C$56.79.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.13 by C($0.29). The firm had revenue of C$317.76 million during the quarter, compared to analyst estimates of C$329.60 million. As a group, sell-side analysts predict that Spin Master will post 1.7600001 earnings per share for the current fiscal year.

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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Analyst Recommendations for Spin Master (TSE:TOY)

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