Spin Master (TSE:TOY - Free Report) had its price target decreased by Stifel Nicolaus from C$45.00 to C$40.00 in a research report report published on Wednesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group cut their price objective on shares of Spin Master from C$44.00 to C$35.00 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their price objective on shares of Spin Master from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Wednesday. TD Securities cut their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a "buy" rating on the stock in a research note on Wednesday. Cormark lifted their price objective on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, National Bankshares cut their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Spin Master presently has a consensus rating of "Moderate Buy" and an average price target of C$37.75.
Get Our Latest Stock Analysis on Spin Master
Spin Master Stock Performance
Shares of TSE TOY traded up C$0.11 during midday trading on Wednesday, reaching C$27.41. 130,494 shares of the company traded hands, compared to its average volume of 76,347. Spin Master has a 52 week low of C$26.67 and a 52 week high of C$35.44. The stock has a 50-day moving average price of C$31.45 and a 200 day moving average price of C$31.64. 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 has a market cap of C$2.01 billion, a price-to-earnings ratio of 64.87, a PEG ratio of 0.57 and a beta of 1.86.
Spin Master Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master's payout ratio is currently 113.60%.
Spin Master Company Profile
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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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