Spin Master Corp (TSE:TOY) has been assigned a consensus rating of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$63.75.
Several research firms recently issued reports on TOY. Royal Bank of Canada raised their target price on Spin Master from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. National Bank Financial lifted their price objective on Spin Master from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. TD Securities lifted their price objective on Spin Master from C$67.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Barclays reaffirmed an “overweight” rating and set a C$65.00 price objective on shares of Spin Master in a research report on Tuesday.
In related news, Director Chi Wah Yuen sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of C$58.40, for a total value of C$700,800.00. Also, insider Adam Beder sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of C$58.51, for a total transaction of C$1,462,750.00.
Spin Master (TSE:TOY) last released its quarterly earnings data on Wednesday, August 1st. The company reported C$0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.21 by C$0.01. The firm had revenue of C$402.03 million for the quarter, compared to the consensus estimate of C$366.16 million. Spin Master had a return on equity of 104.00% and a net margin of 17.96%.
Spin Master Company Profile
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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