Spin Master’s (TOY) Outperform Rating Reiterated at Raymond James

Spin Master (TSE:TOY)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a research report issued to clients and investors on Friday. They presently have a C$65.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 43.93% from the stock’s previous close.

A number of other research firms also recently issued reports on TOY. Barclays restated an “overweight” rating and set a C$65.00 price target on shares of Spin Master in a research note on Tuesday, September 18th. National Bank Financial set a C$65.00 price target on Spin Master and gave the stock an “outperform” rating in a research note on Thursday, August 9th. TD Securities raised their price target on Spin Master from C$67.00 to C$68.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Royal Bank of Canada raised their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$63.75.

TSE:TOY opened at C$45.16 on Friday. Spin Master has a 52-week low of C$43.73 and a 52-week high of C$61.76.

Spin Master (TSE:TOY) last released its quarterly earnings results on Wednesday, August 1st. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

In other Spin Master news, insider Chris Harrs sold 21,900 shares of Spin Master stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of C$53.40, for a total value of C$1,169,460.00.

About Spin Master

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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Analyst Recommendations for Spin Master (TSE:TOY)

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