Spin Master (TSE:TOY) Price Target Lowered to C$25.00 at National Bankshares

Spin Master (TSE:TOY) had its price target reduced by research analysts at National Bankshares from C$27.00 to C$25.00 in a research note issued on Tuesday,BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 27.75% from the stock’s current price.

A number of other equities research analysts also recently weighed in on TOY. Jefferies Financial Group dropped their target price on Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. Royal Bank Of Canada lowered their price objective on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. CIBC upped their price objective on Spin Master from C$23.00 to C$25.00 in a research note on Friday, October 31st. Seaport Res Ptn upgraded Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. Finally, TD Securities increased their price objective on shares of Spin Master from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$27.38.

Spin Master Trading Down 3.1%

TSE:TOY traded down C$0.62 during mid-day trading on Tuesday, hitting C$19.57. The company had a trading volume of 91,047 shares, compared to its average volume of 91,632. The business’s fifty day moving average is C$20.02 and its two-hundred day moving average is C$21.40. Spin Master has a fifty-two week low of C$18.51 and a fifty-two week high of C$32.34. The firm has a market cap of C$1.97 billion, a P/E ratio of 36.24, a P/E/G ratio of 0.57 and a beta of 0.66. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

Spin Master (TSE:TOY) last announced its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The firm had revenue of C$1.02 billion during the quarter. As a group, research analysts expect that Spin Master will post 3.1361829 earnings per share for the current year.

About Spin Master

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.