Spin Master Corp. (TSE:TOY) Given Average Rating of “Moderate Buy” by Brokerages

Spin Master Corp. (TSE:TOY) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$26.63.

TOY has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce lifted their price target on Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. Jefferies Financial Group decreased their target price on Spin Master from C$28.00 to C$26.00 in a research note on Friday, October 31st. Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. Royal Bank Of Canada cut their price target on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd.

Spin Master Price Performance

TSE TOY opened at C$19.86 on Wednesday. Spin Master has a 12 month low of C$18.46 and a 12 month high of C$31.54. The firm has a market capitalization of C$2.00 billion, a PE ratio of 36.78, a P/E/G ratio of 0.57 and a beta of 0.61. The company’s 50 day simple moving average is C$19.60 and its 200 day simple moving average is C$20.45. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, December 24th. Spin Master’s dividend payout ratio (DPR) is presently 63.22%.

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). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.