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

Spin Master (TSE:TOY) had its price objective reduced by Royal Bank of Canada from C$43.00 to C$41.00 in a research note released on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other brokerages have also commented on TOY. TD Securities decreased their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a report on Wednesday. Cormark upped their price objective on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Finally, National Bankshares reduced their price objective on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Trading Down 3.6 %

Shares of TSE TOY opened at C$27.00 on Wednesday. The business has a fifty day moving average price of C$31.68 and a 200 day moving average price of C$31.70. Spin Master has a 1-year low of C$26.67 and a 1-year high of C$35.44. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The stock has a market capitalization of C$1.98 billion, a P/E ratio of 63.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a $0.12 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. Spin Master’s dividend payout ratio (DPR) is currently 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.