Analysts Set Spin Master Corp. (TSE:TOY) PT at C$32.00

Spin Master Corp. (TSE:TOY) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. 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 on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$32.00.

A number of brokerages have issued reports on TOY. Cibc World Mkts raised shares of Spin Master to a “hold” rating in a report on Tuesday, June 3rd. Canaccord Genuity Group lowered shares of Spin Master from a “buy” rating to a “hold” rating and cut their price target for the stock from C$35.00 to C$26.00 in a report on Friday, May 2nd. National Bankshares raised shares of Spin Master from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$26.00 to C$29.00 in a report on Thursday, May 8th. Jefferies Financial Group cut their price target on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on shares of Spin Master from C$38.00 to C$33.00 in a research report on Thursday, July 24th.

Spin Master Price Performance

Shares of Spin Master stock opened at C$24.93 on Friday. The firm has a market cap of C$1.83 billion, a PE ratio of 59.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. Spin Master has a 12-month low of C$20.97 and a 12-month high of C$35.44. 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 company’s fifty day simple moving average is C$24.25 and its two-hundred day simple moving average is C$25.82.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were given a $0.12 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. Spin Master’s dividend payout ratio is 113.60%.

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.