Spin Master (TSE:TOY) Given New C$46.00 Price Target at Royal Bank of Canada

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

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

Spin Master Price Performance

Shares of TSE:TOY opened at C$31.01 on Wednesday. The company has a market capitalization of C$1.08 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The stock has a fifty day moving average of C$31.37 and a 200-day moving average of C$30.69. Spin Master has a one year low of C$27.52 and a one year high of C$37.35.

Spin Master (TSE:TOY) last announced its earnings results 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). Spin Master had a return on equity of 3.56% and a net margin of 2.37%. The company had revenue of C$563.71 million for the quarter, compared to analyst estimates of C$583.31 million. As a group, equities analysts anticipate that Spin Master will post 3.1361829 EPS for the current fiscal year.

Insiders Place Their Bets

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