Spin Master (TSE:TOY) Price Target Raised to C$26.00 at Jefferies Financial Group

Key Points

• Jefferies raised its target on Spin Master to C$26.00 (from C$23.00) and maintained a "buy" rating, implying about a 28% upside from the current share price.
• Analyst sentiment is mixed but tilted positive — five Buy and three Hold ratings, an average rating of "Moderate Buy" and an average price target of C$27.22, though several firms have recently trimmed their targets.
• Shares traded at C$20.29 (down 1.7%) with a market cap of C$2.03B; the company reported a quarterly loss of C($0.33) EPS and negative net margins, reflecting near-term profitability pressures.

Spin Master (TSE:TOY - Get Free Report) had its target price raised by equities researchers at Jefferies Financial Group from C$23.00 to C$26.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 28.14% from the stock's current price.

A number of other equities analysts also recently commented on the stock. TD Securities decreased their price objective on shares of Spin Master from C$30.00 to C$26.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Canaccord Genuity Group decreased their price objective on shares of Spin Master from C$22.00 to C$20.00 and set a "hold" rating for the company in a report on Friday, March 6th. Stifel Nicolaus lifted their price objective on shares of Spin Master from C$20.00 to C$21.00 and gave the stock a "hold" rating in a report on Friday, March 6th. National Bank Financial decreased their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada decreased their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$27.22.

Spin Master Stock Down 1.7%

Shares of TOY stock traded down C$0.35 during mid-day trading on Friday, reaching C$20.29. 244,020 shares of the company were exchanged, compared to its average volume of 150,653. 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 debt-to-equity ratio of 37.50, a quick ratio of 2.06 and a current ratio of 1.14. The company has a market capitalization of C$2.03 billion, a P/E ratio of -13.90, a P/E/G ratio of 0.57 and a beta of 0.76. The business's 50 day simple moving average is C$18.49 and its 200 day simple moving average is C$19.33.

Spin Master (TSE:TOY - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$456.71 million during the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%. Research analysts predict that Spin Master will post 3.1361829 earnings per share for the current 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.

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