Spin Master (TSE:TOY) Given New C$37.00 Price Target at TD Securities

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

Other equities analysts also recently issued reports about the stock. Cormark upped their price objective 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 target on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, National Bankshares dropped 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 report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and an average target price of C$37.75.

Spin Master Stock Down 3.6 %

Shares of TSE TOY opened at C$27.00 on Wednesday. The firm’s fifty day moving average is C$31.68 and its 200 day moving average is C$31.70. Spin Master has a 52 week low of C$26.67 and a 52 week high of C$35.44. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The company has a market cap 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 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 dividend of $0.12 per share. The ex-dividend date was Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.78%. Spin Master’s payout ratio is 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.