Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. Analyst Gerrick Johnson from BMO Capital reiterated a Hold rating on Spin Master (TSX: TOY), with a C$56 price target.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 10.3% and a 58.0% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Electronic Arts, Harley-Davidson, and Funko Inc.
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Spin Master has an analyst consensus of Moderate Buy, with a price target consensus of C$61.
Based on Spin Master’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$11 million. In comparison, last year the company had a net profit of C$29.74 million.
Spin Master Corp. engages in the design, marketing, and sale of entertainment products for children. It operates through the following segments: Activities, Games, Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High Tech Construction; Pre School and Girls; and Outdoor.
The company’s shares closed on Thursday at C$56.03.
