Spin Master (TSE:TOY) Stock Gets Price Target Trim from ATB Cormack

Key Points

• ATB Cormack cut Spin Master’s price target to C$30 from C$39 but maintained its “outperform” rating; the new target implies 40.98% upside from the previous close.
• Analyst sentiment is broadly positive: seven analysts rate the stock Buy and two Hold, for a “Moderate Buy” consensus and average target of C$26.61.
• Spin Master reported quarterly EPS of C$1.47 on revenue of C$1.04 billion. Shares traded at C$21.28 on Wednesday.

Spin Master (TSE:TOY - Get Free Report) had its target price decreased by equities researchers at ATB Cormack from C$39.00 to C$30.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. ATB Cormack's target price indicates a potential upside of 40.98% from the company's previous close.

Other research analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Spin Master from C$21.00 to C$21.50 and gave the stock a "hold" rating in a research note on Friday, October 30th. Canaccord Genuity Group reduced their target price on shares of Spin Master from C$23.00 to C$21.00 and set a "hold" rating on the stock in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$26.61.

Spin Master Price Performance

TSE TOY traded up C$0.35 during trading on Wednesday, reaching C$21.28. 93,123 shares of the company traded hands, compared to its average volume of 165,411. Spin Master has a 1-year low of C$17.13 and a 1-year high of C$24.13. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of -20.27, a P/E/G ratio of 0.57 and a beta of 0.66. The stock's 50 day moving average price is C$20.38 and its two-hundred day moving average price is C$19.71. The company has a debt-to-equity ratio of 28.03, a quick ratio of 2.06 and a current ratio of 1.17.

Spin Master (TSE:TOY - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported C$1.47 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 9.16% and a negative net margin of 5.25%. As a group, analysts anticipate that Spin Master will post 3.14 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.

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