Spin Master (TSE:TOY) Rating Lowered to Hold at Stifel Canada

Key Points

• Spin Master (TSE:TOY) has been downgraded from a "strong-buy" to a "hold" rating by analysts at Stifel Canada.
• Multiple research firms adjusted their price targets for Spin Master, with TD Securities lowering their target from C$32.00 to C$31.00 while maintaining a "buy" rating.
• Currently, Spin Master has a consensus rating of "Moderate Buy" and a target price of C$30.63, with shares opening at C$22.10.

Spin Master (TSE:TOY - Get Free Report) was downgraded by analysts at Stifel Canada from a "strong-buy" rating to a "hold" rating in a research note issued on Friday,Zacks.com reports.

TOY has been the topic of several other research reports. TD Securities lowered their price objective on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a research note on Friday. Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$26.00 to C$24.00 and set a "hold" rating on the stock in a research note on Friday. Cibc World Mkts upgraded shares of Spin Master to a "hold" rating in a research note on Tuesday, June 3rd. National Bank Financial upgraded shares of Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus cut shares of Spin Master from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$33.00 to C$25.00 in a research note on Friday. Five research 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 company's stock. According to MarketBeat, Spin Master currently has a consensus rating of "Moderate Buy" and a consensus target price of C$30.63.

Spin Master Stock Performance

Shares of TOY stock opened at C$22.10 on Friday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company's 50-day moving average is C$24.17 and its 200 day moving average is C$25.69. 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 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.

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