Royal Bank of Canada Boosts Spin Master (TSE:TOY) Price Target to C$47.00

Spin Master (TSE:TOY) had its price objective boosted by research analysts at Royal Bank of Canada from C$46.00 to C$47.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 44.97% from the company’s current price.

Other equities analysts have also issued research reports about the company. National Bank Financial lowered Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, May 8th. Jefferies Financial Group cut their target price on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. National Bankshares reduced their target price on shares of Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC dropped their price target on shares of Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Finally, TD Securities cut their target price on Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.63.

Spin Master Price Performance

Shares of TOY stock traded up C$0.82 during trading hours on Wednesday, reaching C$32.42. 164,906 shares of the company were exchanged, compared to its average volume of 95,186. Spin Master has a fifty-two week low of C$27.52 and a fifty-two week high of C$37.73. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.09 and a quick ratio of 2.06. The stock’s fifty day moving average is C$29.14 and its two-hundred day moving average is C$31.72. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 0.58 and a beta of 1.87.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.32). Spin Master had a return on equity of 7.63% and a net margin of 5.05%. The company had revenue of C$426.28 million during the quarter, compared to the consensus estimate of C$407.27 million. Sell-side analysts forecast that Spin Master will post 2.8894422 earnings per share for the current fiscal year.

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.