TD Securities Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target cut by equities researchers at TD Securities from C$31.00 to C$29.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 52.63% from the stock’s previous close.

TOY has been the topic of a number of other research reports. National Bankshares cut their price target on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. CIBC cut their price target on shares of Spin Master from C$26.00 to C$23.00 in a research note on Tuesday, September 30th. Stifel Nicolaus downgraded shares of Spin Master from a “buy” rating to a “hold” rating and cut their target price for the company from C$33.00 to C$25.00 in a research note on Friday, August 1st. Stifel Canada downgraded shares of Spin Master from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group cut their target price on shares of Spin Master from C$26.00 to C$24.00 and set a “hold” rating on the stock in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Spin Master presently has a consensus rating of “Moderate Buy” and an average target price of C$29.50.

Spin Master Stock Performance

Shares of TOY opened at C$19.00 on Wednesday. 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$1.92 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.57 and a beta of 0.47. Spin Master has a 1 year low of C$18.96 and a 1 year high of C$35.44. The company’s 50 day simple moving average is C$21.76 and its 200 day simple moving average is C$23.22.

About Spin Master

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).