Spin Master (TOY) Given New C$37.00 Price Target at Cormark

Spin Master (TSE:TOY) had its price objective reduced by Cormark from C$39.00 to C$37.00 in a report released on Friday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada lowered their price objective on Spin Master from C$55.00 to C$54.00 and set an outperform rating for the company in a research note on Friday. Raymond James reiterated an outperform rating and set a C$55.00 price objective on shares of Spin Master in a research note on Wednesday, May 1st. DA Davidson reiterated a buy rating and set a C$51.00 price objective on shares of Spin Master in a research note on Tuesday, April 9th. National Bank Financial lowered their price objective on Spin Master from C$55.00 to C$52.00 and set an outperform rating for the company in a research note on Friday, March 8th. Finally, CIBC lowered their price objective on Spin Master from C$50.00 to C$47.00 in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Spin Master presently has a consensus rating of Buy and a consensus target price of C$50.00.

Shares of TSE:TOY opened at C$42.04 on Friday. The firm has a market cap of $4.28 billion and a price-to-earnings ratio of 27.84. Spin Master has a 12-month low of C$34.93 and a 12-month high of C$59.40. The company has a debt-to-equity ratio of 12.37, a current ratio of 2.10 and a quick ratio of 1.57.



Spin Master (TSE:TOY) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.15). The business had revenue of C$547.61 million during the quarter, compared to analyst estimates of C$552.78 million. As a group, research analysts anticipate that Spin Master will post 1.79999996574691 EPS for the current year.

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. The company sells toys and related products to retail customers and distributors, as well as online.

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