Spin Master Corp. (TSE:TOY) Given Average Rating of “Hold” by Analysts

Spin Master Corp. (TSE:TOYGet Rating) has been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$54.36.

A number of research analysts have recently weighed in on the company. National Bank Financial cut Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, November 2nd. Royal Bank of Canada dropped their price target on Spin Master from C$65.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. Scotiabank decreased their price objective on Spin Master from C$58.00 to C$56.00 in a research note on Monday, October 31st. TD Securities lowered Spin Master from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$60.00 to C$45.00 in a research note on Friday, November 4th. Finally, CIBC lowered Spin Master from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$62.00 to C$40.00 in a research note on Friday, November 4th.

Spin Master Trading Up 2.4 %

TSE:TOY opened at C$32.28 on Monday. The stock has a fifty day moving average price of C$41.34 and a two-hundred day moving average price of C$43.92. The stock has a market capitalization of C$3.32 billion and a price-to-earnings ratio of 8.32. The company has a debt-to-equity ratio of 5.75, a quick ratio of 2.06 and a current ratio of 2.49. Spin Master has a 1 year low of C$30.63 and a 1 year high of C$51.41.

Spin Master (TSE:TOYGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported C$1.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.32 by C$0.09. The firm had revenue of C$814.21 million during the quarter, compared to analysts’ expectations of C$890.41 million. As a group, sell-side analysts anticipate that Spin Master will post 2.8699999 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Spin Master news, Senior Officer Chris Harrs sold 800 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of C$48.00, for a total value of C$38,400.00. Following the sale, the insider now directly owns 75,271 shares of the company’s stock, valued at approximately C$3,613,008. In other Spin Master news, Senior Officer Tara Lise Deakin sold 1,922 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of C$45.11, for a total value of C$86,705.84. Following the sale, the insider now directly owns 3,488 shares of the company’s stock, valued at approximately C$157,351.70. Also, Senior Officer Chris Harrs sold 800 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of C$48.00, for a total value of C$38,400.00. Following the completion of the sale, the insider now directly owns 75,271 shares in the company, valued at C$3,613,008.

Spin Master Company Profile

(Get Rating)

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; preschool, dolls, and interactive; wheels and action; and outdoor.

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Analyst Recommendations for Spin Master (TSE:TOY)

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