A Wall Street analyst has provided a review for the Consumer Goods company today, but retained the same rating on the stock. Spin Master (TOY) received a Buy rating from RBC Capital’s analyst Sabahat Khan, with a C$64 price target.
Khan has an average return of 31.3% when recommending Spin Master.
According to TipRanks.com, Khan is ranked #1096 out of 4918 analysts.
Currently, the analyst consensus on Spin Master is a Strong Buy with an average price target of C$60.43, which is 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.