CIBC Increases Spin Master (TSE:TOY) Price Target to C$62.00

Spin Master (TSE:TOYGet Rating) had its price objective boosted by equities research analysts at CIBC from C$55.00 to C$62.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 35.22% from the company’s current price.

A number of other brokerages also recently issued reports on TOY. BMO Capital Markets raised shares of Spin Master from a “market perform” rating to a “buy” rating and lifted their price objective for the stock from C$50.00 to C$64.00 in a research report on Monday, April 25th. TD Securities raised shares of Spin Master from a “buy” rating to an “action list buy” rating and set a C$60.00 target price on the stock in a research report on Monday, April 18th. National Bank Financial restated an “outperform overweight” rating on shares of Spin Master in a research note on Tuesday, February 1st. Cormark upped their price target on shares of Spin Master from C$59.00 to C$67.00 and gave the company a “buy” rating in a research note on Wednesday, February 2nd. Finally, Royal Bank of Canada upped their price target on shares of Spin Master from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 1st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$60.09.

Shares of Spin Master stock traded down C$0.36 on Monday, reaching C$45.85. The stock had a trading volume of 43,222 shares, compared to its average volume of 65,730. The company has a 50 day moving average price of C$44.51 and a 200 day moving average price of C$45.03. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 6.94. Spin Master has a 1 year low of C$37.88 and a 1 year high of C$54.18. The stock has a market capitalization of C$4.70 billion and a P/E ratio of 18.75.

Spin Master (TSE:TOYGet Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.05. The firm had revenue of C$495.06 million during the quarter, compared to analysts’ expectations of C$783.90 million. On average, analysts forecast that Spin Master will post 2.9893529 earnings per share for the current fiscal year.

About Spin Master (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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