National Bankshares Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target reduced by National Bankshares from C$27.00 to C$25.00 in a note issued to investors on Tuesday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 27.75% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Cormark decreased their target price on Spin Master from C$44.00 to C$39.00 in a research note on Friday, October 31st. Seaport Res Ptn raised shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Jefferies Financial Group reduced their price target on shares of Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. Finally, CIBC lifted their price objective on shares of Spin Master from C$23.00 to C$25.00 in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.38.

Spin Master Stock Down 3.1%

TOY traded down C$0.62 during trading on Tuesday, hitting C$19.57. 91,047 shares of the company’s stock were exchanged, compared to its average volume of 91,632. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a fifty-two week low of C$18.51 and a fifty-two week high of C$32.34. The stock has a market cap of C$1.97 billion, a P/E ratio of 36.24, a PEG ratio of 0.57 and a beta of 0.66. The business’s 50 day moving average is C$20.02 and its two-hundred day moving average is C$21.40.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, October 30th. The company reported C$1.11 EPS for the quarter. The firm had revenue of C$1.02 billion for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. As a group, equities analysts expect 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.