Spin Master (TSE:TOY) Price Target Cut to C$35.00 by Analysts at Canaccord Genuity Group

Spin Master (TSE:TOY) had its price target lowered by Canaccord Genuity Group from C$44.00 to C$35.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

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

Spin Master Trading Down 3.6 %

TSE:TOY opened at C$27.00 on Wednesday. Spin Master has a 12 month low of C$26.67 and a 12 month high of C$35.44. The business’s 50-day moving average is C$31.68 and its two-hundred day moving average is C$31.70. 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 firm has a market capitalization of C$1.98 billion, a PE ratio of 63.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The firm 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. This represents a $0.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master’s payout ratio is currently 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.