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

Spin Master Corp. (TSE:TOY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$32.63.

A number of equities analysts have recently weighed in on TOY shares. Cibc World Mkts raised shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Canaccord Genuity Group lowered Spin Master from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$35.00 to C$26.00 in a report on Friday, May 2nd. National Bankshares raised 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. Jefferies Financial Group lowered their price target on Spin Master from C$37.00 to C$32.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, National Bank Financial upgraded Spin Master from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th.

Spin Master Trading Up 1.7%

TSE TOY opened at C$23.11 on Tuesday. Spin Master has a 12 month low of C$20.97 and a 12 month high of C$35.44. The stock has a 50-day simple moving average of C$23.99 and a 200 day simple moving average of C$27.03. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The company has a market capitalization of C$1.69 billion, a PE ratio of 54.69, a P/E/G ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, July 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, June 27th. Spin Master's dividend payout ratio is presently 113.60%.

About Spin Master

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.