CIBC Raises Target Price of Spin Master (TSE:TOY) to C$63.00


Spin Master (IS: TOYGet a rating) saw its target price raised by CIBC equity analysts from C$62.00 to C$63.00 in a report released on Sunday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 31.52% from the company’s current price.

A number of other brokerages have also recently commented on TOY. Canaccord Genuity Group raised its target price on shares of Spin Master from C$60.00 to C$67.00 in a research note on Friday. National Bankshares raised its price target on shares of Spin Master from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a Tuesday, March 1 research note. On Friday, BMO Capital Markets began covering Spin Master shares in a research note. They issued a “buy” rating and a target price of C$64.00 on the stock. TD Securities raised its target price on shares of Spin Master from C$60.00 to C$65.00 and gave the stock a “buy on stock list” rating in a research note on Thursday. Finally, Jefferies Financial Group raised its price target on shares of Spin Master from C$58.00 to C$60.00 in a research report on Friday. Two research analysts gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, Spin Master currently has a consensus rating of “Buy” and an average price target of CA$61.67.

Shares of IS: TOY opened at C$47.90 on Friday. The company has a market cap of C$4.90 billion and a price-earnings ratio of 19.58. Spin Master has a 12-month low of C$37.88 and a 12-month high of C$54.18. The company’s 50-day moving average is C$44.67 and its 200-day moving average is C$45.20. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt ratio of 6.94.

Spin Master (IS: TOYGet a rating) last released its results on Monday, February 28. The company reported EPS of C$0.30 for the quarter, beating analyst consensus estimates of C$0.25 by C$0.05. The company posted revenue of C$495.06 million in the quarter, compared to a consensus estimate of C$783.90 million. As a group, equity analysts expect Spin Master to post EPS of 2.9893529 for the current fiscal year.

About Spin Master (Get a 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 globally. Its product categories include activities, games and puzzles and soft toys; preschool, dolls and interactive; wheels and action; and exterior.

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