Spin Master (TSE:TOY) Given New C$31.00 Price Target at TD Securities

Key Points

• TD Securities has reduced Spin Master's target stock price from C$32.00 to C$31.00, maintaining a "buy" rating, indicating a possible upside of 38.70%.
• Multiple analysts have also adjusted their price targets, with Jefferies lowering it to C$32.00 and Royal Bank Of Canada to C$31.00.
• Currently, Spin Master has a "Moderate Buy" rating on average, with a market performance reflecting a 52-week low of C$20.30 and a 52-week high of C$35.44.

Spin Master (TSE:TOY - Get Free Report) had its price objective dropped by stock analysts at TD Securities from C$32.00 to C$31.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective points to a potential upside of 40.27% from the company's current price.

Several other research firms also recently weighed in on TOY. National Bank Financial raised shares of Spin Master from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Cibc World Mkts raised shares of Spin Master to a "hold" rating in a report on Tuesday, June 3rd. CIBC set a C$28.00 price objective on shares of Spin Master and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Stifel Nicolaus downgraded shares of Spin Master from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$33.00 to C$25.00 in a report on Friday. Finally, National Bankshares raised shares of Spin Master from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$30.63.

Spin Master Stock Performance

Shares of TOY traded down C$0.70 during midday trading on Friday, hitting C$22.10. 520,051 shares of the stock traded hands, compared to its average volume of 139,022. Spin Master has a 1-year low of C$20.30 and a 1-year high of C$35.44. The firm has a market capitalization of C$1.62 billion, a PE ratio of 52.30, a price-to-earnings-growth 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. The business's 50 day moving average price is C$24.17 and its two-hundred day moving average price 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.