Stifel Canada Downgrades Spin Master (TSE:TOY) to Hold

Spin Master (TSE:TOY) was downgraded by Stifel Canada from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group cut their price target on Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. CIBC set a C$28.00 price target on Spin Master and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Stifel Nicolaus downgraded Spin Master from a “buy” rating to a “hold” rating and cut their price target for the stock from C$33.00 to C$25.00 in a research note on Friday. TD Securities cut their price target on Spin Master from C$32.00 to C$31.00 and set a “buy” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group cut their price target on Spin Master from C$26.00 to C$24.00 and set a “hold” rating for the company in a research note on Friday. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.63.

Spin Master Stock Performance

TOY stock opened at C$22.10 on Friday. The firm has a market cap of C$1.62 billion, a PE ratio of 52.30, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The business has a 50 day moving average of C$24.17 and a 200-day moving average of C$25.65. Spin Master has a 12-month low of C$20.30 and a 12-month high of C$35.44.

About Spin Master

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.