Spin Master Corp. (TSE:TOY) Given Average Rating of “Moderate Buy” by Brokerages

Spin Master Corp. (TSE:TOY) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$42.13.

Several brokerages have issued reports on TOY. Cormark increased their target price on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Royal Bank of Canada cut their price objective on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, TD Securities set a C$46.00 target price on Spin Master and gave the stock a “buy” rating in a report on Tuesday, September 24th.

Spin Master Price Performance

TOY opened at C$32.57 on Friday. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 57.14, a PEG ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$36.82. The business’s fifty day simple moving average is C$32.65 and its 200-day simple moving average is C$31.40.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, December 27th. Spin Master’s payout ratio is presently 84.21%.

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.