Spin Master (TSE:TOY) Downgraded by Stifel Nicolaus to "Hold"

Key Points

• Spin Master has been downgraded from a "buy" to a "hold" rating by analysts at Stifel Nicolaus, with a new price target of C$25.00, down from C$33.00.
• Despite the downgrade, the stock has a consensus rating of "Moderate Buy" with an average price target of C$30.63, reflecting mixed analyst opinions.
• On the trading front, Spin Master shares experienced a decline of 2.0%, trading at C$22.35 during mid-day trading, with a market cap of C$1.64 billion.

Spin Master (TSE:TOY - Get Free Report) was downgraded by equities researchers at Stifel Nicolaus from a "buy" rating to a "hold" rating in a note issued to investors on Friday,BayStreet.CA reports. They presently have a C$25.00 price target on the stock, down from their prior price target of C$33.00. Stifel Nicolaus' price target would indicate a potential upside of 13.33% from the company's previous close.

TOY has been the topic of a number of other research reports. Canaccord Genuity Group downgraded Spin Master from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$35.00 to C$26.00 in a research report on Friday, May 2nd. CIBC set a C$28.00 price objective on Spin Master and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. National Bank Financial upgraded Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. TD Securities decreased their price objective on Spin Master from C$35.00 to C$32.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group decreased their price objective on Spin Master from C$37.00 to C$32.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$30.63.

Spin Master Trading Down 0.2%

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

About Spin Master

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).