Spin Master (TSE:TOY) Shares Down 1.8%

Spin Master Corp. (TSE:TOY)’s share price dropped 1.8% during mid-day trading on Monday . The stock traded as low as C$40.88 and last traded at C$42.24. Approximately 129,006 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 93,528 shares. The stock had previously closed at C$43.03.

TOY has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of Spin Master from C$55.00 to C$58.00 in a report on Friday, August 6th. DA Davidson upped their target price on shares of Spin Master from C$42.00 to C$50.00 and gave the company a “neutral” rating in a report on Monday, August 23rd. Royal Bank of Canada upped their target price on shares of Spin Master from C$56.00 to C$59.00 and gave the company an “outperform” rating in a report on Thursday, August 5th. CIBC upped their target price on shares of Spin Master from C$54.00 to C$55.00 in a report on Friday, August 6th. Finally, National Bankshares upped their target price on shares of Spin Master from C$56.00 to C$58.00 and gave the company an “outperform” rating in a report on Thursday, August 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$51.91.

The company has a market cap of C$1.33 billion and a PE ratio of 27.97. The company has a debt-to-equity ratio of 8.46, a quick ratio of 1.57 and a current ratio of 2.00. The stock’s 50-day simple moving average is C$46.98 and its 200 day simple moving average is C$43.03.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Wednesday, August 4th. The company reported C$0.49 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.22 by C$0.27. The firm had revenue of C$480.17 million for the quarter, compared to analysts’ expectations of C$433.14 million. On average, sell-side analysts predict that Spin Master Corp. will post 1.7900001 EPS for the current fiscal year.

Spin Master Company Profile (TSE:TOY)

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; pre-school and girls; boys action and construction; remote control and interactive characters; and outdoor.

See Also: Quick Ratio

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