Royal Bank of Canada Increases Spin Master (TSE:TOY) Price Target to C$55.00

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Spin Master (TSE:TOY) had its price target raised by Royal Bank of Canada from C$54.00 to C$55.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on TOY. BMO Capital Markets boosted their price target on Spin Master from C$49.00 to C$50.00 in a research note on Friday. Cormark cut their price target on Spin Master from C$39.00 to C$37.00 in a research note on Friday, May 10th. Raymond James set a C$55.00 price target on Spin Master and gave the company an outperform rating in a research note on Friday, May 10th. DA Davidson reiterated a buy rating and issued a C$51.00 price target on shares of Spin Master in a research note on Tuesday, April 9th. Finally, TD Securities cut their price target on Spin Master from C$57.00 to C$55.00 and set a buy rating for the company in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$50.00.

Shares of TSE:TOY opened at C$40.30 on Friday. Spin Master has a 12-month low of C$34.93 and a 12-month high of C$56.79. The company has a market capitalization of $1.25 billion and a PE ratio of 26.69. The stock’s 50 day moving average price is C$38.08. The company has a current ratio of 2.00, a quick ratio of 1.44 and a debt-to-equity ratio of 12.47.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The company had revenue of C$429.36 million during the quarter, compared to the consensus estimate of C$398.34 million. On average, analysts forecast that Spin Master will post 1.7600001 earnings per share for the current year.

In other Spin Master news, Director Benoit Gadbois sold 108,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$40.50, for a total transaction of C$4,374,043.20. Following the completion of the transaction, the director now directly owns 684,373 shares in the company, valued at C$27,717,380.25.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. The company sells toys and related products to retail customers and distributors, as well as online.

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Analyst Recommendations for Spin Master (TSE:TOY)

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