In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Spin Master (TSX: TOY). Analyst Sabahat Khan from RBC Capital remains bullish on the stock and has a C$66 price target.
Khan has an average return of 36.8% when recommending Spin Master.
According to TipRanks.com, Khan is ranked #998 out of 4853 analysts.
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Spin Master has an analyst consensus of Moderate Buy, with a price target consensus of C$61.67, which is a 10.1% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$63 price target.
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Based on Spin Master’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$11 million. In comparison, last year the company had a net profit of C$29.74 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$56.03.
