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

Spin Master Corp. (TSE:TOY) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$27.63.

Several research firms have recently weighed in on TOY. Stifel Nicolaus lowered shares of Spin Master from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$33.00 to C$25.00 in a research note on Friday, August 1st. CIBC lifted their price objective on shares of Spin Master from C$23.00 to C$25.00 in a research note on Friday. TD Securities lifted their price objective on shares of Spin Master from C$29.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group lowered their price objective on shares of Spin Master from C$28.00 to C$26.00 in a research note on Friday. Finally, Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd.

Spin Master Stock Performance

TSE:TOY opened at C$20.83 on Monday. The company has a fifty day moving average of C$20.90 and a 200-day moving average of C$22.80. The firm has a market capitalization of C$2.10 billion, a P/E ratio of 25.10, a P/E/G ratio of 0.57 and a beta of 0.47. 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 twelve month low of C$18.51 and a twelve month high of C$35.44.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, September 26th. Spin Master’s dividend payout ratio (DPR) is currently 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).