ATB Cormack Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target decreased by ATB Cormack from C$39.00 to C$30.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormack‘s price target suggests a potential upside of 40.98% from the company’s current price.

Several other equities research analysts have also recently commented on TOY. Canaccord Genuity Group lowered their target price on Spin Master from C$23.00 to C$21.00 and set a “hold” rating for the company in a research note on Friday, October 30th. Stifel Nicolaus upped their price target on Spin Master from C$21.00 to C$21.50 and gave the company a “hold” rating in a research note on Friday, October 30th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$26.61.

Spin Master Price Performance

Shares of TOY traded up C$0.35 during mid-day trading on Wednesday, hitting C$21.28. 93,123 shares of the company traded hands, compared to its average volume of 165,411. Spin Master has a one year low of C$17.13 and a one year high of C$24.13. The company has a current ratio of 1.17, a quick ratio of 2.06 and a debt-to-equity ratio of 28.03. The business has a 50-day moving average of C$20.38 and a 200 day moving average of C$19.71. The stock has a market capitalization of C$2.12 billion, a price-to-earnings ratio of -20.27, a PEG ratio of 0.57 and a beta of 0.66.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$1.47 earnings per share for the quarter. Spin Master had a negative net margin of 5.25% and a negative return on equity of 9.16%. The firm had revenue of C$1.04 billion during the quarter. As a group, equities analysts expect that Spin Master will post 3.14 earnings per share for the current fiscal 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.