Spin Master (TSX: TOY) has received a rating update from a Wall Street analyst on October 26. Analyst Kenric Tyghe from Raymond James reiterated a Buy rating, with a C$65 price target on October 26.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 6.0% and a 51.6% success rate. Tyghe covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Red Robin Gourmet, and Dollarama Inc.
Spin Master has an analyst consensus of Strong Buy, with a price target consensus of C$63.50.
Based on Spin Master’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$34.75 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 Friday at C$45.16, close to its 52-week low of C$43.73.
