Brokerages Set Spin Master Corp. (TSE:TOY) PT at C$42.13

Spin Master Corp. (TSE:TOY) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has 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$42.13.

A number of research firms recently issued reports on TOY. Royal Bank of Canada decreased their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Cormark raised their price target on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, TD Securities set a C$46.00 price objective on shares of Spin Master and gave the company a “buy” rating in a report on Tuesday, September 24th.

Spin Master Trading Down 0.3 %

TOY opened at C$33.51 on Friday. The stock has a market capitalization of C$1.16 billion, a P/E ratio of 58.79, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. Spin Master has a 12 month low of C$27.52 and a 12 month high of C$36.82. The firm’s fifty day simple moving average is C$32.63 and its 200 day simple moving average is C$31.35.

Spin Master Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Spin Master’s dividend payout ratio is currently 84.21%.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.