In a latest note to investors, a research analyst has provided a rating update for the Spin Master (TOY). Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares today.
According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 2.2% and a 52.2% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
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Currently, the analyst consensus on Spin Master is a Strong Buy with an average price target of C$48.50, implying a 13.5% upside from current levels. In a report issued on February 14, CIBC also reiterated a Buy rating on the stock with a C$50 price target.
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Spin Master’s market cap is currently C$4.33B and has a P/E ratio of 20.7. The company has a Price to Book ratio of 4.98.
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 Tuesday at C$42.74.
