Spin Master Corp. (TSE:TOY) Receives C$44.63 Average Price Target from Analysts

Shares of Spin Master Corp. (TSE:TOY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$44.63.

A number of analysts have issued reports on the stock. TD Securities set a C$46.00 target price on shares of Spin Master and gave the company a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada increased their target price on Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th.

Spin Master Trading Down 0.4 %

Spin Master stock opened at C$30.88 on Thursday. Spin Master has a 12 month low of C$27.52 and a 12 month high of C$37.73. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The stock has a market cap of C$1.07 billion, a P/E ratio of 54.18, a P/E/G ratio of 0.57 and a beta of 1.87. The company’s fifty day simple moving average is C$31.29 and its 200-day simple moving average is C$30.85.

Spin Master (TSE:TOY) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The firm had revenue of C$563.71 million during the quarter, compared to analysts’ expectations of C$583.31 million.

Insiders Place Their Bets

In related news, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total value of C$66,532.60. In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total transaction of C$66,532.60. In the last quarter, insiders sold 33,498 shares of company stock worth $1,063,920. 2.20% of the stock is currently owned by company insiders.

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.