Spin Master (TSE:TOY) Price Target Cut to C$23.00 by Analysts at CIBC

Spin Master (TSE:TOY) had its price target lowered by CIBC from C$26.00 to C$23.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other research firms have also recently commented on TOY. Cibc World Mkts upgraded shares of Spin Master to a “hold” rating in a report on Tuesday, June 3rd. National Bankshares cut their price objective on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Stifel Nicolaus lowered Spin Master from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$33.00 to C$25.00 in a report on Friday, August 1st. TD Securities cut 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 report on Friday, August 1st. Finally, Stifel Canada lowered Spin Master from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$29.75.

Spin Master Stock Up 0.6%

TSE TOY opened at C$19.55 on Tuesday. The stock has a 50 day moving average price of C$22.28 and a 200-day moving average price of C$23.43. 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$1.98 billion, a P/E ratio of 23.55, a P/E/G ratio of 0.57 and a beta of 0.66. Spin Master has a one year low of C$18.98 and a one year high of C$35.44.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, September 26th. Spin Master’s payout ratio is presently 41.44%.

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).