Spin Master (TOY), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares, with a C$55 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.1% and a 60.0% 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$49.88, representing a 16.3% upside. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$54 price target.
Spin Master’s market cap is currently C$4.29B and has a P/E ratio of 25.2. The company has a Price to Book ratio of 4.74.
Spin Master Corp. is an entertainment company, which engages in the design, manufactures, and marketing of toys, games, products, and entertainment properties. It operates through the following segments: Activities, Games and Puzzles, and Plush; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor. The Activities, Games and Puzzles, and Plush segment offers products through a direct to consumer ecommerce site and television direct response. The Remote Control and Interactive Characters segment includes a range of innovative land vehicles and flying toys. The Boys Action and High-Tech Construction segment comprises die-cast replica BMX finger bikes that were decorated with brands licensed from major participants in the BMX sport. The Pre-School and Girls segment focuses on the entertainment content. The Outdoor segment consists of the Swimways and Aerobie businesses. The company was founded by Ronnen Harary, Anton Russel Rabie, and Ben Varadi on May 9, 1994 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$42.90.