Jefferies Group Equities Analysts Lower Earnings Estimates for Spin Master Corp (TOY)
Spin Master Corp (TSE:TOY) – Equities research analysts at Jefferies Group cut their Q2 2018 earnings per share estimates for shares of Spin Master Corp in a research note issued on Wednesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.33. Jefferies Group currently has a “Hold” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Spin Master Corp’s Q3 2018 earnings at $1.53 EPS.
Several other research firms also recently commented on TOY. BMO Capital Markets upgraded shares of Spin Master Corp from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$36.00 to C$68.00 in a research note on Tuesday, August 8th. National Bank Financial boosted their target price on shares of Spin Master Corp from C$50.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. CIBC upped their price objective on shares of Spin Master Corp from C$44.00 to C$50.00 in a research note on Thursday, August 3rd. Royal Bank Of Canada upped their target price on shares of Spin Master Corp from C$45.00 to C$54.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, TD Securities cut shares of Spin Master Corp from an “action list buy” rating to a “buy” rating and upped their target price for the company from C$54.00 to C$55.00 in a report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$52.75.
Spin Master Corp (TSE TOY) traded down C$0.45 during mid-day trading on Monday, reaching C$48.81. The company had a trading volume of 53,822 shares, compared to its average volume of 66,755. Spin Master Corp has a 12 month low of C$30.01 and a 12 month high of C$52.05.
In other Spin Master Corp news, Director Benoit Gadbois sold 6,500 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of C$45.73, for a total transaction of C$297,245.00. Also, insider Mark Segal sold 2,387 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of C$45.76, for a total transaction of C$109,229.12. Insiders have sold a total of 244,022 shares of company stock worth $11,074,176 in the last ninety days.
Spin Master Corp Company Profile
Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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