Canaccord Genuity Group Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

by · The Cerbat Gem

Spin Master (TSE:TOY – Get Free Report) had its price objective cut by Canaccord Genuity Group from C$22.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 8.58% from the stock’s current price.

TOY has been the subject of a number of other reports. ATB Cormark Capital Markets boosted their price target on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada reduced their target price on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. National Bank Financial decreased their price target on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Finally, TD Securities lowered their price target on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$27.22.

View Our Latest Stock Analysis on TOY

Spin Master Price Performance

TOY traded down C$0.19 during trading on Friday, reaching C$18.42. 94,815 shares of the stock were exchanged, compared to its average volume of 113,069. The company has a debt-to-equity ratio of 39.76, a current ratio of 1.13 and a quick ratio of 2.06. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 0.57 and a beta of 0.75. Spin Master has a 1 year low of C$17.88 and a 1 year high of C$26.81. The business’s 50 day moving average price is C$19.39 and its two-hundred day moving average price is C$20.23.

Spin Master (TSE:TOY – Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.56 EPS for the quarter. The firm had revenue of C$818.82 million for the quarter. Spin Master had a net margin of 2.60% and a return on equity of 4.03%. As a group, equities research analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Company Profile

(Get Free Report)

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). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.

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