The Consumer Goods sector company, Spin Master (TOY), has received a rating update from a Wall Street analyst yesterday. Analyst Brian Morrison from TD Securities rated Spin Master (TOY) a Buy, setting a C$66 price target.
Morrison has an average return of 18.9% when recommending Spin Master.
According to TipRanks.com, Morrison is ranked #1280 out of 4918 analysts.
Spin Master has an analyst consensus of Strong Buy, with a price target consensus of C$60.80, implying a 31.0% 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.
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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$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 Wednesday at C$46.40.
