Spin Master Corp (TSE:TOY) had its target price raised by analysts at National Bank Financial from C$50.00 to C$58.00 in a research report issued to clients and investors on Wednesday, October 18th. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 21.09% from the stock’s previous close. National Bank Financial also issued estimates for Spin Master Corp’s Q3 2017 earnings at $1.47 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $2.14 EPS, FY2018 earnings at $2.37 EPS and FY2019 earnings at $2.60 EPS.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets raised Spin Master Corp from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$36.00 to C$68.00 in a report on Tuesday, August 8th. CIBC raised their price objective on Spin Master Corp from C$44.00 to C$50.00 in a research report on Thursday, August 3rd. Royal Bank Of Canada cut their price objective on Spin Master Corp from C$47.00 to C$45.00 and set an “outperform” rating for the company in a research report on Tuesday, July 25th. Jefferies Group LLC increased their price target on shares of Spin Master Corp from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. raised their price objective on shares of Spin Master Corp from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$52.63.
Shares of Spin Master Corp (TSE:TOY) traded down C$0.35 on Wednesday, hitting C$47.90. The stock had a trading volume of 87,409 shares.
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In other news, Director Chi Wah Yuen sold 11,360 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$46.36, for a total transaction of C$526,649.60. Also, insider Mark Segal sold 101,616 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$45.05, for a total transaction of C$4,577,800.80. Insiders have sold 519,340 shares of company stock valued at $23,806,842 over the last quarter.
Spin Master Corp Company Profile
Spin Master Corp., a childrens 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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