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

Key Points

• Spin Master Corp. received a consensus recommendation of "Moderate Buy" from ten brokerages, with five holding ratings, four buy ratings, and one strong buy rating.
• The average twelve-month price target from analysts is C$29.50, although several firms have recently lowered their price targets for the stock.
• Spin Master also announced a quarterly dividend of $0.12 per share, representing an annualized yield of 2.5%, with the ex-dividend date set for September 26th.

Spin Master Corp. (TSE:TOY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$29.50.

A number of research analysts recently issued reports on TOY shares. Stifel Canada lowered Spin Master from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. CIBC decreased their price target on Spin Master from C$26.00 to C$23.00 in a report on Tuesday, September 30th. Canaccord Genuity Group decreased their price target on Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a report on Friday, August 1st. National Bankshares decreased their price target on Spin Master from C$29.00 to C$27.00 and set an "outperform" rating for the company in a report on Friday, September 26th. Finally, Stifel Nicolaus downgraded Spin Master from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$33.00 to C$25.00 in a report on Friday, August 1st.

Spin Master Trading Up 0.5%

TSE:TOY opened at C$19.36 on Thursday. The firm has a market cap of C$1.96 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 0.57 and a beta of 0.47. The stock has a fifty day moving average price of C$21.84 and a 200 day moving average price of C$23.26. Spin Master has a 12-month low of C$18.98 and a 12-month high of C$35.44. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 26th. Spin Master's payout ratio is 41.44%.

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).

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