Stifel Nicolaus Lowers Spin Master (TSE:TOY) Price Target to C$40.00

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

A number of other brokerages have also weighed in on TOY. 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. Cormark boosted their target price on Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. 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 on the stock in a report on Wednesday. TD Securities decreased their target price on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada lowered their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Price Performance

TSE TOY opened at C$27.00 on Wednesday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a 52-week low of C$26.67 and a 52-week high of C$35.44. The business has a 50 day simple moving average of C$31.68 and a 200 day simple moving average of C$31.70. The stock 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 firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date 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.