Is Buying Spin Master Corp Here a Winning Strategy?

 Is Buying Spin Master Corp Here a Winning Strategy?

The stock of Spin Master Corp (TSE:TOY) hit a new 52-week high and has $41.61 target or 7.00% above today’s $38.89 share price. The 5 months bullish chart indicates low risk for the $966.63 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $41.61 price target is reached, the company will be worth $67.66M 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 9,400 shares traded hands. Spin Master Corp (TSE:TOY) has risen 59.92% since April 22, 2016 and is uptrending. It has outperformed by 53.90% 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 -15.15% below today’s ($38.89) stock price. Spin Master Corp. has been the topic of 18 analyst reports since September 1, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of TOY in a report on Friday, April 29 with “Outperform” rating. The rating was maintained by BMO Capital Markets on Tuesday, September 1 with “Outperform”. The stock of Spin Master Corp (TSE:TOY) has “Outperform” rating given on Friday, June 17 by RBC Capital Markets. RBC Capital Markets initiated it with “Outperform” rating and $22 target price in Wednesday, September 2 report. RBC Capital Markets maintained Spin Master Corp (TSE:TOY) on Monday, November 9 with “Outperform” rating. National Bank Canada initiated the stock with “Outperform” rating in Friday, October 2 report. RBC Capital Markets maintained Spin Master Corp (TSE:TOY) on Thursday, July 21 with “Outperform” rating. The rating was maintained by TD Securities with “Buy” on Tuesday, September 1.

More news for Spin Master Corp (TSE:TOY) were recently published by: Marketwatch.com, which released: “Spin Master Corp.” on October 02, 2015. Reuters.com‘s article titled: “BRIEF-Spin Master buys Swimways Corp” and published on August 02, 2016 is yet another important article.

Spin Master Corp., formerly SML Investments Inc., is a Canada children’s entertainment company. The company has a market cap of $966.63 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 35.03 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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