Canaccord Genuity Group Cuts Spin Master (TSE:TOY) Price Target to C$20.00

Spin Master (TSE:TOY) had its target price dropped by equities research analysts at Canaccord Genuity Group from C$22.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 8.58% from the company’s previous close.

A number of other research firms also recently commented on TOY. Royal Bank Of Canada dropped their price objective on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. TD Securities dropped their price target on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. ATB Cormark Capital Markets upped their price target on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday. Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. Finally, National Bank Financial dropped their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Spin Master currently has an average rating of “Moderate Buy” and a consensus target price of C$27.22.

Spin Master Stock Performance

TSE:TOY traded down C$0.19 during midday trading on Friday, reaching C$18.42. 94,815 shares of the company traded hands, compared to its average volume of 113,069. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.75. The company has a fifty day moving average price of C$19.39 and a 200 day moving average price of C$20.23. The company has a debt-to-equity ratio of 39.76, a current ratio of 1.13 and a quick ratio of 2.06. Spin Master has a twelve month low of C$17.88 and a twelve month high of C$26.81.

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