Spin Master (TSE:TOY) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$62.71.
TOY has been the subject of a number of analyst reports. Canaccord Genuity increased their price target on Spin Master from C$53.00 to C$63.00 in a research note on Tuesday, March 6th. National Bank Financial increased their price target on Spin Master from C$58.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Jefferies Financial Group set a C$55.00 price target on Spin Master in a research note on Thursday, March 15th. CIBC increased their price target on Spin Master from C$58.00 to C$63.00 in a research note on Friday, March 9th. Finally, BMO Capital Markets lowered Spin Master from an “outperform” rating to a “market perform” rating in a research note on Friday, March 9th.
Shares of Spin Master stock opened at C$57.17 on Tuesday. Spin Master has a one year low of C$35.97 and a one year high of C$61.76.
Spin Master (TSE:TOY) last announced its earnings results on Tuesday, May 8th. The company reported C$0.27 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.15 by C$0.12. Spin Master had a return on equity of 104.00% and a net margin of 17.96%. The company had revenue of C$361.12 million for the quarter, compared to analysts’ expectations of C$314.98 million.
In other news, insider William Hess sold 12,639 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of C$53.38, for a total transaction of C$674,669.82.
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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