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

Spin Master (TSE:TOY) had its price objective lifted by equities research analysts at Royal Bank of Canada from C$54.00 to C$55.00 in a research report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 36.17% from the company’s current price.

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

TOY stock traded down C$1.68 during midday trading on Friday, hitting C$40.39. 186,697 shares of the company’s stock were exchanged, compared to its average volume of 105,493. Spin Master has a one year low of C$34.93 and a one year high of C$56.79. The company has a debt-to-equity ratio of 12.37, a quick ratio of 1.57 and a current ratio of 2.10. The company has a market cap of $4.30 billion and a P/E ratio of 33.31. The stock’s fifty day moving average is C$38.18.

Spin Master (TSE:TOY) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.13 by C($0.29). The firm had revenue of C$317.76 million during the quarter, compared to analyst estimates of C$329.60 million. On average, analysts predict that Spin Master will post 1.771945 earnings per share for the current fiscal year.

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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