Spin Master (TSE:TOY) Price Target Raised to C$21.50

Key Points

• Stifel Nicolaus raised Spin Master’s price target from C$21.00 to C$21.50 while maintaining a “hold” rating, implying 6.12% upside from the prior close.
• TD also increased its target to C$27.00 and reaffirmed a “buy” rating. Overall, analysts assign Spin Master a “Moderate Buy” consensus rating with an average target of C$27.35.
• Spin Master shares fell C$0.69 to C$20.26 in Friday trading. The company reported quarterly revenue of C$1.04 billion and EPS of C$1.47, while analysts forecast full-year EPS of C$3.14.

Spin Master (TSE:TOY - Get Free Report) had its price objective lifted by equities researchers at Stifel Nicolaus from C$21.00 to C$21.50 in a research note issued to investors on Friday, BayStreet reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus's target price would indicate a potential upside of 6.12% from the company's previous close.

Separately, TD upped their price objective on shares of Spin Master from C$26.00 to C$27.00 and gave the stock a "buy" rating in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$27.35.

Spin Master Price Performance

Shares of Spin Master stock traded down C$0.69 during trading on Friday, hitting C$20.26. 223,403 shares of the company's stock traded hands, compared to its average volume of 164,910. Spin Master has a twelve month low of C$17.13 and a twelve month high of C$24.13. The company has a market cap of C$2.03 billion, a PE ratio of -25.97, a PEG ratio of 0.57 and a beta of 0.66. The firm's fifty day moving average price is C$20.35 and its 200 day moving average price is C$19.69. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.09 and a quick ratio of 2.06.

Spin Master (TSE:TOY - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported C$1.47 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion during the quarter. Spin Master had a negative return on equity of 6.74% and a negative net margin of 4.01%. Analysts forecast that Spin Master will post 3.14 earnings per share 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.

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