Spin Master (TSE:TOY) Given New C$25.00 Price Target at CIBC

Spin Master (TSE:TOY) had its price objective lifted by CIBC from C$23.00 to C$25.00 in a research report released on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Stifel Canada cut Spin Master from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Royal Bank Of Canada cut their price objective on Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday. National Bankshares cut their price objective on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Stifel Nicolaus cut Spin Master from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$33.00 to C$25.00 in a research report on Friday, August 1st. Finally, Canaccord Genuity Group cut their price objective on Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$27.63.

Spin Master Trading Down 1.8%

Shares of TOY stock opened at C$20.83 on Friday. Spin Master has a 52-week low of C$18.51 and a 52-week high of C$35.44. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The company has a 50-day simple moving average of C$20.90 and a two-hundred day simple moving average of C$22.79. The company has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 0.57 and a beta of 0.47.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were given 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 of this dividend was Friday, September 26th. Spin Master’s dividend payout ratio 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).