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

Spin Master (TSE:TOY) had its price objective decreased by equities research analysts at Royal Bank Of Canada from C$29.00 to C$27.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 37.33% from the company’s current price.

Several other research analysts have also recently issued reports on TOY. Canaccord Genuity Group cut their target price on Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a research note on Monday, November 10th. Cormark cut their price objective on shares of Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. National Bankshares lowered their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Finally, CIBC raised their price target on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$26.63.

Spin Master Trading Up 2.9%

TOY opened at C$19.66 on Tuesday. Spin Master has a fifty-two week low of C$18.46 and a fifty-two week high of C$31.54. The firm has a market capitalization of C$1.98 billion, a PE ratio of 36.41, a P/E/G ratio of 0.57 and a beta of 0.61. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The company’s 50-day moving average is C$19.74 and its 200 day moving average is C$20.81.

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

About Spin Master

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.