Royal Bank of Canada Cuts Spin Master (TSE:TOY) Price Target to C$43.00

Spin Master (TSE:TOY) had its target price decreased by stock analysts at Royal Bank of Canada from C$46.00 to C$43.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 40.29% from the company’s current price.

A number of other research firms also recently weighed in on TOY. TD Securities set a C$46.00 target price on shares of Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. Cormark raised their target price on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Stock Up 4.0 %

Shares of TOY stock traded up C$1.18 during trading hours on Friday, hitting C$30.65. 46,652 shares of the company were exchanged, compared to its average volume of 87,960. The company has a market capitalization of C$1.06 billion, a PE ratio of 53.82, a PEG ratio of 0.57 and a beta of 1.86. Spin Master has a 52 week low of C$27.52 and a 52 week high of C$36.82. The business has a 50 day moving average of C$31.55 and a two-hundred day moving average of C$30.63. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). The business had revenue of C$563.71 million during the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. Analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Insider Buying and Selling at Spin Master

In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. In other news, Director Chi Wah Yuen sold 4,704 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. Insiders sold a total of 33,498 shares of company stock worth $1,063,920 over the last quarter. 2.20% of the stock is currently owned by insiders.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.