Brokerages Set Spin Master Corp. (TSE:TOY) Price Target at C$47.13

Spin Master Corp. (TSE:TOY) has earned a consensus rating of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$47.13.

Several research firms recently issued reports on TOY. Royal Bank of Canada decreased their target price on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. National Bankshares reduced their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Canaccord Genuity Group dropped their price objective on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. CIBC reduced their target price on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, TD Securities raised shares of Spin Master from a “buy” rating to an “action list buy” rating and decreased their price target for the company from C$50.00 to C$48.00 in a research report on Wednesday, January 24th.

Spin Master Price Performance

Shares of TOY opened at C$30.34 on Monday. The firm has a 50-day simple moving average of C$32.89 and a two-hundred day simple moving average of C$33.88. The company has a debt-to-equity ratio of 4.38, a current ratio of 2.95 and a quick ratio of 2.06. Spin Master has a 1-year low of C$29.79 and a 1-year high of C$39.55. The stock has a market cap of C$1.06 billion, a PE ratio of 15.54, a P/E/G ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last announced its earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The company had revenue of C$684.30 million for the quarter, compared to analyst estimates of C$681.03 million. As a group, analysts forecast that Spin Master will post 2.9973592 EPS for the current year.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Spin Master’s payout ratio is 12.37%.

Insider Transactions at Spin Master

In related news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. Corporate insiders own 1.59% of the company’s stock.

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.