Spin Master Corp. (TSE:TOY) Given Consensus 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 an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$30.63.

Several equities analysts have issued reports on TOY shares. National Bank Financial upgraded shares of Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. National Bankshares upgraded 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 research note on Thursday, May 8th. TD Securities dropped their price target on Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus downgraded Spin Master from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$33.00 to C$25.00 in a research note on Friday, August 1st. Finally, Stifel Canada downgraded Spin Master from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st.

Spin Master Stock Performance

TOY traded up C$0.47 during midday trading on Wednesday, hitting C$23.31. 70,115 shares of the company traded hands, compared to its average volume of 138,934. 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 firm has a market capitalization of C$1.71 billion, a PE ratio of 55.17, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company's 50-day moving average is C$23.66 and its 200 day moving average is C$24.67. Spin Master has a 52 week low of C$20.30 and a 52 week high of C$35.44.

Spin Master Dividend Announcement

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

About Spin Master

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).