Spin Master (TSE:TOY) Price Target Cut to C$32.00 by Analysts at National Bankshares

Spin Master (TSE:TOY) had its target price lowered by National Bankshares from C$35.00 to C$32.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently commented on TOY. Royal Bank of Canada decreased their price target on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Cormark upped their price target on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$37.75.

Spin Master Trading Down 3.6 %

Shares of TOY stock opened at C$27.00 on Wednesday. The stock has a market cap of C$1.98 billion, a P/E ratio of 63.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. Spin Master has a 1 year low of C$26.67 and a 1 year high of C$35.44. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The stock has a 50 day simple moving average of C$31.68 and a 200 day simple moving average of C$31.70.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. Spin Master’s payout ratio is presently 113.60%.

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.