TD Securities Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target decreased by TD Securities from C$30.00 to C$26.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 38.22% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Cormark dropped their price objective on Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. National Bankshares cut 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 research report on Tuesday, January 13th. Royal Bank Of Canada decreased their target price on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a research note on Monday, November 10th. Finally, CIBC boosted their price target on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.88.

Spin Master Stock Performance

Spin Master stock traded up C$0.12 during mid-day trading on Thursday, reaching C$18.81. The company’s stock had a trading volume of 190,606 shares, compared to its average volume of 122,686. Spin Master has a 12-month low of C$18.46 and a 12-month high of C$32.17. The company has a market capitalization of C$1.89 billion, a P/E ratio of 34.83, a PEG ratio of 0.57 and a beta of 0.66. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The firm’s fifty day moving average price is C$19.81 and its two-hundred day moving average price is C$21.01.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%.The firm had revenue of C$1.02 billion for the quarter. Sell-side analysts predict that Spin Master will post 3.1361829 EPS 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.