03:09:49 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Spin Master Corp
Symbol TOY
Shares Issued 35,148,760
Close 2023-08-04 C$ 36.40
Market Cap C$ 1,279,414,864
Recent Sedar Documents

Globe says Spin Master maintained at "outperform"

2023-08-04 08:39 ET - In the News

The Globe and Mail reports in its Friday, Aug. 4, edition that RBC Capital analyst Sabahat Khan has reaffirmed his "outperform" recommendation for Spin Master. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan bumped his target ahead by a loonie to $49, matching the consensus. Mr. Khan says in a note: "Spin Master reported Q2 Adjusted EBITDA ahead of RBC/Street forecasts, while 2023 guidance was reiterated. Overall, we believe that with inventory clearing at retail ahead of the holiday sell-in period, the company is well positioned to deliver against its 2023 guidance." The Globe reported on Jan. 17, March 13 and May 6 that Stifel analyst Martin Landry continued to rate Spin Master "buy." In the first item Mr. Landry said, "Absent an acquisition, we see limited near-term catalysts to move the shares higher." It was then worth $34, $36.36 and $37.93. The Globe reported on April 29 that National Bank Financial analyst Adam Shine had elevated his recommendation for Spin Master to "outperform" from "sector perform." Its shares were then going for $38.55.

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