The Consumer Goods sector company, Spin Master (TOY), has received a rating update from a Wall Street analyst today. Analyst Adam Shine from National Bank remains bullish on the stock and has a C$60 price target.
According to TipRanks.com, Shine is ranked #2274 out of 4918 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spin Master with a C$60.43 average price target, implying a 31.6% upside from current levels. In a report issued on November 1, Raymond James also maintained a Buy rating on the stock with a C$65 price target.
Based on Spin Master’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$141 million. In comparison, last year the company had a net profit of C$136 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$45.91, close to its 52-week low of C$43.