Royal Bank of Canada Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY - Free Report) had its price objective trimmed by Royal Bank of Canada from C$43.00 to C$41.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. National Bankshares lowered their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating on the stock in a research note on Wednesday. TD Securities lowered their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Cormark increased their price objective on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$37.75.

Spin Master Price Performance

TSE TOY traded up C$0.11 during trading hours on Wednesday, reaching C$27.41. The company's stock had a trading volume of 130,494 shares, compared to its average volume of 76,347. The stock has a market cap of C$2.01 billion, a PE ratio of 64.87, a PEG ratio of 0.57 and a beta of 1.86. Spin Master has a fifty-two week low of C$26.67 and a fifty-two week high of C$35.44. The company's 50-day moving average is C$31.45 and its two-hundred day moving average is C$31.64. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

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Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. Spin Master's dividend payout ratio (DPR) is 113.60%.

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.