Spin Master (TSE:TOY) Given New C$24.00 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reduced Spin Master’s price target from C$26.00 to C$24.00, maintaining a "hold" rating on the stock.
• Spin Master shares experienced a 2.0% decrease during trading, falling to C$22.35, while having a market cap of C$1.64 billion.
• The consensus rating for Spin Master is a "Moderate Buy" with a target price of C$30.63, with varying ratings from analysts, including four buy, four hold, and one strong buy.

Spin Master (TSE:TOY - Free Report) had its price target reduced by Canaccord Genuity Group from C$26.00 to C$24.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research firms have also recently commented on TOY. National Bank Financial raised Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. National Bankshares raised Spin Master from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$26.00 to C$29.00 in a research report on Thursday, May 8th. Stifel Nicolaus cut Spin Master from a "buy" rating to a "hold" rating and decreased their target price for the company from C$33.00 to C$25.00 in a research report on Friday. TD Securities decreased their target price on Spin Master from C$35.00 to C$32.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Cibc World Mkts raised Spin Master to a "hold" rating in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Spin Master presently has an average rating of "Moderate Buy" and a consensus price target of C$30.63.

Spin Master Trading Down 0.2%

Shares of TOY stock traded down C$0.04 on Friday, hitting C$22.06. The stock had a trading volume of 41,933 shares, compared to its average volume of 138,312. 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$1.62 billion, a P/E ratio of 52.21, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a 1 year low of C$20.30 and a 1 year high of C$35.44. The company's 50 day moving average price is C$24.11 and its 200-day moving average price is C$25.55.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were issued a $0.12 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. Spin Master's dividend payout ratio is currently 113.60%.

Spin Master Company Profile

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).