Spin Master Corp. (TSE:TOY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Spin Master Corp. has received a consensus rating of "Moderate Buy" from ten research firms, with a target price of C$30.63 over the next year.
• The company recently announced a quarterly dividend of $0.12 per share, equating to an annualized yield of 2.1%.
• Current stock performance indicates a price range between C$20.30 and C$35.44 over the past year, with shares trading at C$23.09.

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$30.63.

Several research analysts recently issued reports on TOY shares. TD Securities decreased their price target on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating for the company in a research note on Friday, August 1st. National Bankshares raised shares of Spin Master from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$26.00 to C$29.00 in a research note on Thursday, May 8th. Royal Bank Of Canada cut their price target on shares of Spin Master from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Cibc World Mkts raised shares of Spin Master to a "hold" rating in a research note on Tuesday, June 3rd. Finally, CIBC set a C$28.00 price objective on shares of Spin Master and gave the company a "neutral" rating in a report on Tuesday, June 3rd.

Spin Master Price Performance

Spin Master stock traded up C$0.47 during midday trading on Wednesday, reaching C$23.31. 70,115 shares of the stock were exchanged, compared to its average volume of 138,934. Spin Master has a 52 week low of C$20.30 and a 52 week high of C$35.44. The firm has a market cap of C$1.71 billion, a PE ratio of 55.17, a PEG ratio of 0.57 and a beta of 1.86. The company's fifty day moving average is C$23.66 and its 200-day moving average is C$24.81. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 27th. Spin Master's dividend payout ratio is presently 113.60%.

Spin Master Company Profile

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).