Spin Master (TSE:TOY) Raised to “Hold” at Cibc World Mkts

Spin Master (TSE:TOY) was upgraded by stock analysts at Cibc World Mkts to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. National Bankshares upgraded shares of Spin Master from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$26.00 to C$29.00 in a research report on Thursday, May 8th. TD Securities dropped their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. National Bank Financial upgraded shares of Spin Master from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Royal Bank of Canada lowered their target price on shares of Spin Master from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, CIBC set a C$28.00 target price on shares of Spin Master and gave the stock a “neutral” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.63.

Spin Master Stock Performance

TOY stock opened at C$24.46 on Tuesday. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The company has a 50 day moving average price of C$23.72 and a 200 day moving average price of C$28.25. Spin Master has a fifty-two week low of C$20.97 and a fifty-two week high of C$35.44. The stock has a market capitalization of C$1.79 billion, a PE ratio of 57.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Insider Activity at Spin Master

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

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.