Royal Bank of Canada Lowers Spin Master (TSE:TOY) Price Target to C$46.00

Spin Master (TSE:TOY) had its target price decreased by Royal Bank of Canada from C$47.00 to C$46.00 in a report published on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Separately, TD Securities set a C$46.00 price target on Spin Master and gave the company a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$42.14.

Spin Master Stock Up 2.9 %

Shares of Spin Master stock opened at C$32.36 on Wednesday. Spin Master has a 1 year low of C$27.52 and a 1 year high of C$36.82. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 56.77, a PEG ratio of 0.57 and a beta of 1.86. The firm’s 50-day moving average is C$31.43 and its two-hundred day moving average is C$30.67.

Spin Master (TSE:TOY) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). The business had revenue of C$563.71 million for 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%. As a group, research analysts expect that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total transaction of C$62,187.19. In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. Also, Director Chi Wah Yuen sold 4,704 shares of the company’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. Over the last three months, insiders have sold 33,498 shares of company stock valued at $1,063,920. 2.20% of the stock is currently owned by insiders.

Spin Master Company Profile

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.