Spin Master (TOY) has received a new Buy rating, initiated by BMO Capital analyst, Gerrick Johnson.
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Gerrick Johnson has given his Buy rating due to a combination of factors that highlight Spin Master’s potential for recovery and growth. Despite experiencing a decline in earnings for three consecutive years, the company’s valuation has become notably attractive, especially with the recent changes in management that could drive improvements in efficiency and growth.
Spin Master’s stock has decreased by 40% year-to-date, making it trade at a significant discount compared to its peers and historical averages. Currently, the stock is valued at just 8 times the 2026 consensus EPS estimates, which is lower than the peer average of 10 times and the historical average of 14 times. This undervaluation, coupled with the prospect of operational enhancements, presents a compelling opportunity for investors, justifying the Buy rating.
In another report released on October 31, TD Cowen also maintained a Buy rating on the stock with a C$30.00 price target.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.