Spin Master (TSE:TOY) Price Target Lowered to C$27.00 at Royal Bank Of Canada

Spin Master (TSE:TOY) had its price target lowered by analysts at Royal Bank Of Canada from C$29.00 to C$27.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 41.88% from the company’s previous close.

TOY has been the subject of a number of other research reports. TD Securities reduced their price objective on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. National Bankshares lowered their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. CIBC upped their target price on Spin Master from C$23.00 to C$25.00 in a report on Friday, October 31st. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Jefferies Financial Group decreased their price target on Spin Master from C$28.00 to C$26.00 in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.63.

Spin Master Price Performance

Spin Master stock traded up C$0.11 during midday trading on Tuesday, reaching C$19.03. 70,079 shares of the stock traded hands, compared to its average volume of 119,320. The stock has a market cap of C$1.92 billion, a P/E ratio of 35.24, a PEG ratio of 0.57 and a beta of 0.66. The stock’s fifty day moving average is C$19.77 and its 200-day moving average is C$20.86. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a 12 month low of C$18.46 and a 12 month high of C$31.54.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.02 billion for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%. As a group, equities research analysts anticipate that Spin Master will post 3.1361829 EPS for the current year.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.