Brokerages Set Spin Master Corp. (TSE:TOY) Target Price at C$27.22

Spin Master Corp. (TSE:TOY) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$27.22.

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, March 6th. Stifel Nicolaus raised their target price on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Friday, March 6th. TD Securities cut their target price on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, January 29th. ATB Cormark Capital Markets raised their target price on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada cut their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, March 6th.

Spin Master Trading Up 2.0%

Spin Master stock opened at C$18.04 on Thursday. The stock has a market cap of C$1.81 billion, a P/E ratio of -12.36, a PEG ratio of 0.57 and a beta of 0.76. The company has a debt-to-equity ratio of 37.50, a current ratio of 1.14 and a quick ratio of 2.06. Spin Master has a 1 year low of C$17.13 and a 1 year high of C$26.34. The firm’s 50 day moving average price is C$18.79 and its 200-day moving average price is C$19.51.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, March 5th. The company reported C$0.56 earnings per share for the quarter. Spin Master had a negative net margin of 7.22% and a negative return on equity of 11.45%. The firm had revenue of C$818.82 million during the quarter. On average, equities analysts predict that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, April 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. Spin Master’s dividend payout ratio (DPR) is -23.66%.

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.