Spin Master (TSE:TOY) Stock Rating Lowered by Canaccord Genuity Group

Spin Master (TSE:TOY) was downgraded by equities researchers at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report issued on Friday, MarketBeat reports. They currently have a C$26.00 price target on the stock, down from their prior price target of C$35.00. Canaccord Genuity Group’s target price suggests a potential upside of 13.34% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reduced 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 report on Wednesday, February 26th. TD Securities dropped their target price on Spin Master from C$38.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday, April 25th. National Bankshares reduced their price target on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Finally, Stifel Nicolaus dropped their price objective on Spin Master from C$40.00 to C$38.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.13.

Spin Master Price Performance

Shares of Spin Master stock opened at C$22.94 on Friday. The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of 54.29, 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 stock has a 50 day moving average price of C$24.37 and a 200-day moving average price of C$29.36. Spin Master has a one year low of C$20.97 and a one year high of C$35.44.

Insiders Place Their Bets

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is owned by company insiders.

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.