Shares of Spin Master (TOY) were revisited by a Wall Street analyst yesterday. Analyst Robert Bek from CIBC rated Spin Master (TOY) a Buy, setting a C$47 price target.
According to TipRanks.com, Bek is a 4-star analyst with an average return of 7.9% and a 63.8% success rate. Bek covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spin Master with a C$50 average price target, implying a 31.7% upside from current levels. In a report issued on March 6, Barclays also maintained a Buy rating on the stock with a C$58 price target.
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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$25.48 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$37.97, close to its 52-week low of C$34.93.
