Spin Master (TSE:TOY) Given New C$40.00 Price Target at Stifel Nicolaus

Spin Master (TSE:TOY) had its price target trimmed by Stifel Nicolaus from C$45.00 to C$40.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. National Bankshares reduced their target price on shares of 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. TD Securities lowered their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their price target on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday. Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Cormark upped their target price on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$37.75.

Spin Master Stock Down 3.6 %

TOY opened at C$27.00 on Wednesday. Spin Master has a 1-year low of C$26.67 and a 1-year high of C$35.44. The business has a 50 day moving average of C$31.68 and a 200-day moving average of C$31.70. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 63.90, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, December 27th. Spin Master’s payout ratio is 113.60%.

About Spin Master

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.