Cormark Trims Spin Master (TOY) Target Price to C$61.00

Spin Master (TSE:TOY) had its price target reduced by Cormark from C$66.00 to C$61.00 in a research report sent to investors on Tuesday morning. Cormark also issued estimates for Spin Master’s FY2018 earnings at $2.32 EPS, FY2019 earnings at $2.63 EPS and FY2020 earnings at $2.76 EPS.

TOY has been the subject of a number of other research reports. Royal Bank of Canada reduced their price objective on Spin Master from C$66.00 to C$64.00 and set an outperform rating for the company in a research report on Thursday, November 8th. National Bank Financial set a C$65.00 price objective on Spin Master and gave the company an outperform rating in a research report on Thursday, August 16th. Barclays reduced their price objective on Spin Master from C$65.00 to C$63.00 in a research report on Thursday, November 8th. Raymond James restated an outperform rating and set a C$65.00 price objective on shares of Spin Master in a research report on Friday, October 26th. Finally, TD Securities boosted their price objective on Spin Master from C$67.00 to C$68.00 and gave the company a buy rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$62.11.

Shares of TOY opened at C$47.22 on Tuesday. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.24 and a current ratio of 1.59. Spin Master has a 52 week low of C$43.00 and a 52 week high of C$61.76.

In related news, insider Chris Harrs sold 21,900 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of C$53.40, for a total transaction of C$1,169,460.00.

About Spin Master

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.

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