The stock of Spin Master Corp (TSE:TOY) hit a new 52-week high and has $43.55 target or 20.00% above today’s $36.29 share price. The 9 months bullish chart indicates low risk for the $880.98 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $43.55 price target is reached, the company will be worth $176.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 35,751 shares traded hands or 47.69% 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 -9.07% below today’s ($36.29) stock price. Spin Master Corp. has been the topic of 18 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, September 1 by BMO Capital Markets. The stock of Spin Master Corp (TSE:TOY) has “Outperform” rating given on Friday, June 17 by RBC Capital Markets. The stock of Spin Master Corp (TSE:TOY) has “Outperform” rating given on Friday, April 29 by RBC Capital Markets. TD Securities maintained Spin Master Corp (TSE:TOY) rating on Tuesday, September 1. TD Securities has “Buy” rating and $24 price target. The firm earned “Outperform” rating on Friday, October 2 by National Bank Canada. The stock has “Outperform” rating given by RBC Capital Markets on Monday, November 9. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets initiated Spin Master Corp (TSE:TOY) on Wednesday, September 2 with “Outperform” rating.
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 $880.98 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 32.89 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.
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