Spin Master Corp (TSE:TOY) has earned a consensus rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$49.91.
A number of research analysts have recently commented on TOY shares. Jefferies Financial Group cut their price objective on shares of Spin Master from C$40.00 to C$39.00 in a research report on Friday, August 23rd. TD Securities cut their price objective on shares of Spin Master from C$57.00 to C$55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Spin Master from C$54.00 to C$55.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of Spin Master from C$49.00 to C$50.00 in a research report on Friday, August 2nd.
In related news, Director Benoit Gadbois sold 147,708 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$44.00, for a total value of C$6,499,329.25. Following the completion of the transaction, the director now owns 536,665 shares of the company’s stock, valued at C$23,613,904.
Spin Master (TSE:TOY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.25 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.15 by C$0.10. The company had revenue of C$429.36 million for the quarter, compared to analyst estimates of C$398.34 million. As a group, equities analysts forecast that Spin Master will post 1.7800001 earnings per share for the current year.
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. The company sells toys and related products to retail customers and distributors, as well as online.
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