TD Increases Spin Master (TSE:TOY) Price Target to C$27.00

Spin Master (TSE:TOY) had its target price raised by analysts at TD from C$26.00 to C$27.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 27.30% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. ATB Cormark Capital Markets boosted their price objective on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada dropped their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Canaccord Genuity Group cut their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Stifel Nicolaus increased their price objective on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Finally, Jefferies Financial Group lifted their target price on Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$27.20.

Spin Master Stock Up 2.9%

Shares of TOY traded up C$0.59 on Friday, hitting C$21.21. The company’s stock had a trading volume of 142,810 shares, compared to its average volume of 189,661. The firm’s fifty day moving average price is C$18.97 and its 200-day moving average price is C$19.02. Spin Master has a fifty-two week low of C$17.13 and a fifty-two week high of C$26.34. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 35.23. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of -13.77, a P/E/G ratio of 0.57 and a beta of 0.78.

Spin Master (TSE:TOY) last announced its earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$456.71 million for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. On average, equities research analysts expect that Spin Master will post 3.1361829 EPS for the current year.

Spin Master Company Profile

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.