Spin Master (TSE:TOY) Price Target Cut to C$37.00 by Analysts at TD Securities

Spin Master (TSE:TOY) had its price objective trimmed by TD Securities from C$46.00 to C$37.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Cormark upped their target price on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Royal Bank of Canada lowered their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, National Bankshares reduced their target price on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus target price of C$37.75.

Spin Master Stock Down 3.6 %

Shares of TSE:TOY opened at C$27.00 on Wednesday. The stock has a fifty day simple moving average of C$31.68 and a two-hundred day simple moving average of C$31.70. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 63.90, a PEG ratio of 0.57 and a beta of 1.86. Spin Master has a 12-month low of C$26.67 and a 12-month high of C$35.44.

Spin Master Dividend Announcement

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 dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. Spin Master’s dividend payout ratio is presently 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.