Cormark Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price objective dropped by equities research analysts at Cormark from C$44.00 to C$39.00 in a research note issued to investors on Friday,BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 87.23% from the company’s previous close. Cormark also issued estimates for Spin Master’s FY2025 earnings at $2.34 EPS and FY2026 earnings at $3.04 EPS.

Several other research analysts have also commented on TOY. Jefferies Financial Group lowered their price objective on shares of Spin Master from C$28.00 to C$26.00 in a research note on Friday. Stifel Canada lowered shares of Spin Master from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. TD Securities dropped their price target on shares of Spin Master from C$31.00 to C$29.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. National Bankshares cut their price objective on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, CIBC increased their price objective on Spin Master from C$23.00 to C$25.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$27.63.

Spin Master Stock Performance

Shares of Spin Master stock opened at C$20.83 on Friday. The business has a 50-day moving average of C$20.90 and a 200 day moving average of C$22.79. Spin Master has a 12 month low of C$18.51 and a 12 month high of C$35.44. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 0.57 and a beta of 0.47. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

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).