Spin Master Corp. (TSE:TOY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Spin Master Corp. (TSE:TOY) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$42.13.

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

Spin Master Trading Up 0.7 %

Shares of TOY stock opened at C$34.81 on Tuesday. The company has a market capitalization of C$1.21 billion, a P/E ratio of 61.07, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.02 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 has a 50-day moving average price of C$31.93 and a 200 day moving average price of C$30.74.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a $0.12 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. Spin Master’s dividend payout ratio (DPR) is presently 84.21%.

Insider Buying and Selling

In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. 2.20% of the stock is currently owned by corporate insiders.

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.