TD Securities Cuts Spin Master (TSE:TOY) Price Target to C$31.00

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 target price reduced by stock analysts at TD Securities from C$32.00 to C$31.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 40.53% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Cibc World Mkts raised shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Stifel Nicolaus lowered 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. 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. 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, National Bankshares upgraded shares of Spin Master from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$26.00 to C$29.00 in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Spin Master currently has an average rating of "Moderate Buy" and an average price target of C$30.63.

Spin Master Stock Down 0.2%

TOY traded down C$0.04 during trading on Friday, hitting C$22.06. The company had a trading volume of 41,933 shares, compared to its average volume of 138,312. The firm's 50-day moving average price is C$24.11 and its 200 day moving average price is C$25.55. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a one year low of C$20.30 and a one year high of C$35.44. The company has a market capitalization of C$1.62 billion, a PE ratio of 52.21, a PEG ratio of 0.57 and a beta of 1.86.

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).