Brokerages Set Spin Master Corp. (TSE:TOY) Target Price at C$26.63

Shares of Spin Master Corp. (TSE:TOY) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$26.63.

A number of research firms recently commented on TOY. Canaccord Genuity Group lowered their price target on Spin Master from C$24.00 to C$20.00 in a report on Wednesday, October 22nd. Seaport Research Partners raised shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Royal Bank Of Canada dropped their target price on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Jefferies Financial Group reduced their price target on shares of Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. Finally, TD Securities decreased their price target on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th.

Spin Master Stock Up 1.3%

TOY opened at C$19.62 on Wednesday. The stock has a market cap of C$1.98 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 0.57 and a beta of 0.61. 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 firm’s fifty day moving average is C$19.60 and its 200 day moving average is C$20.55. Spin Master has a fifty-two week low of C$18.46 and a fifty-two week high of C$31.54.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%.The business had revenue of C$1.02 billion during the quarter. On average, sell-side analysts forecast that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Dividend Announcement

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

About Spin Master

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.