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

Key Points

• Royal Bank of Canada cut its price target on Spin Master from C$27.00 to C$25.00 while keeping an "outperform" rating, implying roughly a 35.7% upside from the current share price of C$18.42.
• Analysts are mixed: several firms (TD, National Bank, Canaccord) recently lowered targets while others (ATB Cormark, Seaport) raised or upgraded, leaving a consensus rating of "Moderate Buy" with an average price target of C$27.22.
• Fundamentals and trading: Spin Master is trading at C$18.42 with a market cap of C$1.86B and a P/E of 34.11; latest quarter showed EPS of C$0.56 on revenue of C$818.8M and a net margin of 2.6%.

Spin Master (TSE:TOY - Get Free Report) had its price objective lowered by equities research analysts at Royal Bank Of Canada from C$27.00 to C$25.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 35.72% from the stock's current price.

A number of other analysts also recently weighed in on TOY. TD Securities reduced their target price on shares of Spin Master from C$30.00 to C$26.00 and set a "buy" rating on the stock in a research report on Thursday, January 29th. National Bank Financial dropped their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 13th. Canaccord Genuity Group cut their price objective on shares of Spin Master from C$22.00 to C$20.00 and set a "hold" rating on the stock in a report on Friday. Seaport Research Partners upgraded shares of Spin Master to a "strong-buy" rating in a report on Monday, November 10th. Finally, ATB Cormark Capital Markets boosted their price target on Spin Master from C$36.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Spin Master currently has a consensus rating of "Moderate Buy" and an average price target of C$27.22.

Spin Master Trading Down 1.0%

TSE TOY traded down C$0.19 during trading on Friday, hitting C$18.42. The company had a trading volume of 94,815 shares, compared to its average volume of 113,069. Spin Master has a one year low of C$17.88 and a one year high of C$26.81. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.75. The company's fifty day moving average is C$19.39 and its 200-day moving average is C$20.23. The company has a current ratio of 1.13, a quick ratio of 2.06 and a debt-to-equity ratio of 39.76.

Spin Master (TSE:TOY - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.56 earnings per share for the quarter. The company had revenue of C$818.82 million for the quarter. Spin Master had a return on equity of 4.03% and a net margin of 2.60%. On average, sell-side analysts predict that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Company Profile

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Cardinal Games.

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