Spin Master (TSE:TOY) Price Target Cut to C$35.00

Spin Master (TSE:TOY) had its target price decreased by investment analysts at National Bankshares from C$40.00 to C$35.00 in a research note issued on Thursday, BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 20.40% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Jefferies Financial Group reduced their target price on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. TD Securities upgraded shares of Spin Master from a “buy” rating to an “action list buy” rating and cut their price objective for the stock from C$50.00 to C$48.00 in a report on Wednesday, January 24th. Royal Bank of Canada cut their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Finally, Stifel Nicolaus cut their price objective on shares of Spin Master from C$50.00 to C$45.00 in a report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$44.50.

Spin Master Trading Down 1.1 %

Shares of TSE TOY traded down C$0.33 during trading on Thursday, hitting C$29.07. 348,284 shares of the company traded hands, compared to its average volume of 105,464. Spin Master has a 1 year low of C$27.52 and a 1 year high of C$37.73. The company has a 50-day moving average price of C$32.46 and a 200-day moving average price of C$33.64. The firm has a market capitalization of C$1.02 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.98 and a beta of 1.87. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.12. The company had revenue of C$684.30 million during the quarter, compared to analysts’ expectations of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. On average, equities analysts predict that Spin Master will post 2.9973592 EPS for the current year.

Insider Activity at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. Company insiders own 1.59% of the company’s stock.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.