Spin Master Corp. (TSE:TOY) Receives C$30.63 Consensus Price Target from Brokerages

Key Points

• Spin Master Corp. has received a consensus rating of "Moderate Buy" from ten brokerages, with five holding ratings, four buy ratings, and one strong buy rating.
• The company recently announced a quarterly dividend of $0.12 per share, equating to an annualized yield of 2.2% and a payout ratio of 41.44%.
• Currently, Spin Master's shares are trading around C$21.89 with a market capitalization of C$2.22 billion.

Spin Master Corp. (TSE:TOY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$30.63.

A number of research analysts have commented on TOY shares. Cibc World Mkts upgraded shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. TD Securities dropped their price objective on 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. CIBC set a C$28.00 target price on shares of Spin Master and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Stifel Canada lowered shares of Spin Master from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus cut shares of Spin Master from a "buy" rating to a "hold" rating and dropped their price target for the company from C$33.00 to C$25.00 in a research report on Friday, August 1st.

Spin Master Price Performance

Shares of Spin Master stock traded up C$0.15 during trading on Friday, hitting C$22.19. 120,260 shares of the stock traded hands, compared to its average volume of 135,345. The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 0.57 and a beta of 0.66. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a 52 week low of C$20.30 and a 52 week high of C$35.44. The firm's fifty day moving average is C$23.32 and its 200-day moving average is C$23.85.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, October 10th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. Spin Master's dividend payout ratio is currently 41.44%.

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).