TD Securities Cuts Spin Master (TSE:TOY) Price Target to C$46.00

Spin Master (TSE:TOY) had its target price reduced by stock analysts at TD Securities from C$48.00 to C$46.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 58.24% from the stock’s current price.

A number of other brokerages also recently weighed in on TOY. Stifel Nicolaus reduced their target price on Spin Master from C$50.00 to C$45.00 in a report on Thursday. Jefferies Financial Group reduced their price objective on Spin Master from C$40.00 to C$35.00 in a research report on Thursday. CIBC lowered their price objective on Spin Master from C$41.00 to C$37.00 in a research note on Thursday. National Bankshares reduced their price target on Spin Master from C$40.00 to C$35.00 in a research report on Thursday. Finally, Canaccord Genuity Group lowered their price target on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.50.

Spin Master Price Performance

Shares of TSE TOY traded down C$0.33 during mid-day trading on Thursday, reaching C$29.07. The company had a trading volume of 348,284 shares, compared to its average volume of 105,464. Spin Master has a one year low of C$27.52 and a one year high of C$37.73. The business’s 50-day simple moving average is C$32.46 and its 200 day simple moving average is C$33.64. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last issued its earnings results on Wednesday, February 28th. The company reported C$0.26 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, research analysts predict that Spin Master will post 2.9973592 earnings per share for the current fiscal year.

Insider Buying and Selling at Spin Master

In related news, Senior Officer Chris Harrs sold 1,453 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total transaction 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.