ATB Cormark Capital Markets Raises Spin Master (TSE:TOY) Price Target to C$38.00

Spin Master (TSE:TOY) had its target price upped by stock analysts at ATB Cormark Capital Markets from C$36.00 to C$38.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 106.30% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. TD Securities cut their price target 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. Seaport Research Partners raised shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Finally, National Bank Financial lowered their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Spin Master presently has an average rating of “Moderate Buy” and a consensus target price of C$27.22.

Spin Master Stock Performance

Shares of Spin Master stock traded down C$0.19 during trading hours on Friday, reaching C$18.42. The company had a trading volume of 94,815 shares, compared to its average volume of 113,069. The firm has a market cap of C$1.86 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.75. Spin Master has a one year low of C$17.88 and a one year high of C$26.81. The company has a debt-to-equity ratio of 39.76, a current ratio of 1.13 and a quick ratio of 2.06. The business has a fifty day simple moving average of C$19.39 and a 200 day simple moving average of C$20.23.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, March 5th. The company reported C$0.56 EPS for the quarter. The business had revenue of C$818.82 million during the quarter. Spin Master had a return on equity of 4.03% and a net margin of 2.60%. On average, analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current fiscal 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.