Spin Master (TSX: TOY), the Consumer Goods sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Kenric Tyghe, with a C$65 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 6.3% and a 57.1% success rate. Tyghe covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Red Robin Gourmet, and Dollarama Inc.
Currently, the analyst consensus on Spin Master is a Strong Buy with an average price target of C$63.71.
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 Thursday at C$47.
