National Bank Financial Downgrades Spin Master (TSE:TOY) to Sector Perform Under Weight

Spin Master (TSE:TOYGet Free Report) was downgraded by National Bank Financial from an “outperfrom under weight” rating to a “sector perform under weight” rating in a report released on Wednesday, reports. National Bank Financial also issued estimates for Spin Master’s Q3 2024 earnings at $1.87 EPS and Q4 2024 earnings at $1.22 EPS.

A number of other equities research analysts also recently weighed in on TOY. Jefferies Financial Group lowered their price objective on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday. Stifel Nicolaus reduced their price objective on Spin Master from C$50.00 to C$45.00 in a research report on Thursday. CIBC cut their target price on Spin Master from C$41.00 to C$37.00 in a research note on Thursday. National Bankshares lowered their price target on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday. Finally, TD Securities cut their price objective on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from, the company currently has an average rating of “Moderate Buy” and an average target price of C$44.50.

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Spin Master Trading Up 0.9 %

TOY stock traded up C$0.27 on Wednesday, hitting C$29.28. 128,022 shares of the company were exchanged, compared to its average volume of 106,650. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$37.73. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The company has a debt-to-equity ratio of 4.38, a current ratio of 2.95 and a quick ratio of 2.06. The business’s fifty day moving average is C$32.33 and its two-hundred day moving average is C$33.55.

Spin Master (TSE:TOYGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The firm had revenue of C$684.30 million during the quarter, compared to analyst estimates of C$681.03 million. As a group, research analysts forecast that Spin Master will post 2.9973592 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Chris Harrs sold 1,453 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. 1.59% of the stock is owned by company insiders.

About Spin Master

(Get Free Report)

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.

Further Reading

Analyst Recommendations for Spin Master (TSE:TOY)

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