Spin Master (TSE:TOY) Given New C$21.00 Price Target at Canaccord Genuity Group

Spin Master (TSE:TOY – Get Free Report) had its target price lowered by stock analysts at Canaccord Genuity Group from C$23.00 to C$21.00 in a research report issued on Friday, BayStreet reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 3.65% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Spin Master from C$21.00 to C$21.50 and gave the company a “hold” rating in a research note on Friday. TD increased their price objective on Spin Master from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$27.35.

View Our Latest Stock Analysis on Spin Master

Spin Master Price Performance

Shares of TSE TOY traded down C$0.69 during mid-day trading on Friday, reaching C$20.26. 223,403 shares of the company were exchanged, compared to its average volume of 164,910. Spin Master has a 52 week low of C$17.13 and a 52 week high of C$24.13. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 30.48. The stock has a market capitalization of C$2.03 billion, a PE ratio of -25.97, a PEG ratio of 0.57 and a beta of 0.66. The company’s 50 day moving average price is C$20.35 and its 200 day moving average price is C$19.69.

Spin Master (TSE:TOY – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported C$1.47 EPS for the quarter. Spin Master had a negative return on equity of 6.74% and a negative net margin of 4.01%. The firm had revenue of C$1.04 billion for the quarter. Sell-side analysts forecast that Spin Master will post 3.14 earnings per share for the current fiscal year.

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Spin Master Company Profile

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Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.

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Analyst Recommendations for Spin Master (TSE:TOY)

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