Spin Master (TSE:TOY) had its target price upped by stock analysts at CIBC from C$58.00 to C$63.00 in a research note issued on Friday, March 9th. CIBC’s price objective would suggest a potential upside of 22.47% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. National Bank Financial lifted their price objective 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. Canaccord Genuity boosted their target price on shares of Spin Master from C$53.00 to C$63.00 in a research report on Tuesday, March 6th. Raymond James Financial lifted their price objective on shares of Spin Master from C$55.00 to C$57.00 and gave the company an “outperform” rating in a research note on Thursday, March 1st. Royal Bank of Canada boosted their target price on shares of Spin Master from C$61.00 to C$66.00 and gave the company an “outperform” rating in a research note on Friday, March 9th. Finally, BMO Capital Markets cut shares of Spin Master from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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 announced its quarterly earnings data on Wednesday, March 7th. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.05. The company 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 other Spin Master news, insider Nancy Ann Zwiers sold 3,845 shares of the 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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