Spin Master (TSE:TOY) Price Target Lowered to C$43.00 at Royal Bank of Canada

Spin Master (TSE:TOY - Get Free Report) had its price objective reduced by investment analysts at Royal Bank of Canada from C$46.00 to C$43.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 39.88% from the stock's previous close.

Several other analysts also recently weighed in on TOY. Cormark boosted their price target on Spin Master from C$42.00 to C$45.00 in a research note on Friday. TD Securities set a C$46.00 price target on Spin Master and gave the company a "buy" rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$42.13.

Spin Master Stock Up 4.3 %

TSE:TOY traded up C$1.27 during mid-day trading on Friday, hitting C$30.74. 138,901 shares of the company's stock traded hands, compared to its average volume of 88,395. The company has a fifty day moving average of C$31.49 and a 200 day moving average of C$30.58. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$36.82. The company has a market capitalization of C$1.07 billion, a P/E ratio of 53.93, a P/E/G 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.

Spin Master (TSE:TOY - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The business had revenue of C$563.71 million for the quarter, compared to analyst estimates of C$583.31 million. On average, analysts forecast that Spin Master will post 3.1361829 EPS for the current year.

Insider Transactions at Spin Master

In other news, Director Chi Wah Yuen sold 4,704 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total value of C$147,963.85. In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction that occurred 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. Also, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. Insiders have sold 33,498 shares of company stock worth $1,063,920 over the last quarter. 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.