Spin Master (TSE:TOY) had its target price increased by Raymond James Financial from C$57.00 to C$65.00 in a research report released on Friday, March 9th. The brokerage currently has an outperform rating on the stock.
Several other research firms also recently weighed in on TOY. National Bank Financial boosted their target price on shares of Spin Master from C$58.00 to C$63.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. TD Securities lifted their price objective on shares of Spin Master from C$55.00 to C$61.00 in a research note on Monday, February 5th. BMO Capital Markets cut shares of Spin Master from an outperform rating to a market perform rating in a research note on Friday, March 9th. Canaccord Genuity upped their price objective on shares of Spin Master from C$53.00 to C$63.00 in a research report on Tuesday, March 6th. Finally, CIBC upped their target price on shares of Spin Master from C$52.00 to C$58.00 in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$64.25.
Shares of TSE:TOY traded down C$1.60 on Friday, reaching C$51.44. The company’s stock had a trading volume of 69,608 shares, compared to its average volume of 72,345. Spin Master has a 52-week low of C$34.52 and a 52-week high of C$61.76.
Spin Master (TSE:TOY) last released its earnings results on Wednesday, March 7th. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.26 by C$0.05. The firm had revenue of C$559.93 million during the quarter, compared to analyst estimates of C$529.58 million. Spin Master had a net margin of 17.96% and a return on equity of 104.00%.
In related news, insider Nancy Ann Zwiers sold 3,845 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of C$51.81, for a total value of C$199,209.45.
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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