The stock of Spin Master Corp (TSE:TOY) reached all time high today, Nov, 17 and still has $48.32 target or 33.00% above today’s $36.33 share price. This indicates more upside for the $881.96M company. This technical setup was reported by Barchart.com. If the $48.32 PT is reached, the company will be worth $291.05M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 36,881 shares traded hands or 52.36% up from the average. Spin Master Corp (TSE:TOY) has risen 45.08% since April 13, 2016 and is uptrending. It has outperformed by 40.46% the S&P500.
Spin Master Corp (TSE:TOY) Ratings Coverage
Out of 2 analysts covering Spin Master Corp. (TSE:TOY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $38 is the highest target while $22 is the lowest. The $33 average target is -9.17% below today’s ($36.33) stock price. Spin Master Corp. has been the topic of 18 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, September 2 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 9 report. The company was initiated on Friday, October 2 by National Bank Canada. TD Securities maintained it with “Buy” rating and $24 target price in Tuesday, September 1 report. As per Friday, April 29, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained Spin Master Corp (TSE:TOY) rating on Tuesday, September 1. BMO Capital Markets has “Outperform” rating and $22 price target. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 21. The firm has “Outperform” rating by RBC Capital Markets given on Friday, June 17.
More important recent Spin Master Corp (TSE:TOY) news were published by: Prnewswire.com which released: “Spin Master launches Masha and The Bear toys in time for Holidays” on November 14, 2016, also Marketwatch.com published article titled: “Spin Master Corp.”, Prnewswire.com published: “Spin Master Corp. to Report Third Quarter 2016 Financial Results on November …” on September 16, 2016. More interesting news about Spin Master Corp (TSE:TOY) was released by: Reuters.com and their article: “BRIEF-Spin Master buys Swimways Corp” with publication date: August 02, 2016.
Spin Master Corp., formerly SML Investments Inc., is a Canada children’s entertainment company. The company has a market cap of $881.96 million. The Company, through Spin Master Ltd. and its subsidiaries, is engaged in creating, designing, manufacturing and marketing a diversified portfolio of toys, games, products and entertainment properties. It has a 32.93 P/E ratio. The Company’s divisions include North America, consisting of the United States and Canada; Europe, consisting of Spin Master’s subsidiaries in the United Kingdom, France, Italy, the Netherlands, Germany, Austria and Switzerland, and the Rest of World, consisting of Spin Master’s subsidiary in Mexico and all other areas of the world serviced by Spin Master’s third-party distribution network.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.