Brokerages Set Spin Master Corp. (TSE:TOY) Target Price at C$27.38

Spin Master Corp. (TSE:TOY) has earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$27.38.

A number of research firms have weighed in on TOY. Seaport Res Ptn raised shares of Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. Canaccord Genuity Group dropped their price objective on Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. CIBC boosted their price objective on Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. Jefferies Financial Group lowered their target price on Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. Finally, Cormark dropped their price target on Spin Master from C$44.00 to C$39.00 in a research report on Friday, October 31st.

Spin Master Stock Down 1.0%

Shares of TOY stock opened at C$18.64 on Friday. The stock’s 50 day simple moving average is C$19.91 and its 200 day simple moving average is C$21.25. Spin Master has a twelve month low of C$18.51 and a twelve month high of C$32.34. 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 market capitalization of C$1.88 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 0.57 and a beta of 0.66.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 EPS for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%.The company had revenue of C$1.02 billion for the quarter. As a group, research analysts predict that Spin Master will post 3.1361829 EPS for the current year.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, December 24th. Spin Master’s dividend payout ratio is presently 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.