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 analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report released 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' target price would suggest a potential upside of 13.12% from the company's current price.

Several other research firms have also recently commented on TOY. Royal Bank Of Canada reduced their target price on shares of Spin Master from C$32.00 to C$31.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. TD Securities cut their price target on shares of Spin Master from C$35.00 to C$32.00 and set a "buy" rating for the company in a report on Friday, May 2nd. CIBC set a C$28.00 price target on shares of Spin Master and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Canaccord Genuity Group downgraded shares of Spin Master from a "buy" rating to a "hold" rating and cut their price target for the company from C$35.00 to C$26.00 in a report on Friday, May 2nd. Finally, National Bankshares upgraded shares of Spin Master from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$26.00 to C$29.00 in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$30.63.

Spin Master Stock Performance

Shares of TOY stock traded down C$0.70 during mid-day trading on Friday, hitting C$22.10. The stock had a trading volume of 520,051 shares, compared to its average volume of 139,022. Spin Master has a fifty-two week low of C$20.30 and a fifty-two week high of C$35.44. The firm has a market cap of C$1.62 billion, a PE ratio of 52.30, a PEG ratio of 0.57 and a beta of 1.86. 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 company's 50-day simple moving average is C$24.17 and its 200-day simple moving average is C$25.65.

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.