Spin Master Corp. (TSE:TOY) Receives C$50.19 Consensus Target Price from Analysts

Shares of Spin Master Corp. (TSE:TOY) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is C$50.19.

A number of equities research analysts have recently issued reports on TOY shares. CIBC cut their price target on shares of Spin Master from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Stifel Nicolaus cut their target price on shares of Spin Master from C$54.00 to C$50.00 in a research note on Friday, October 27th. National Bankshares decreased their target price on Spin Master from C$46.00 to C$43.00 in a research report on Thursday, November 2nd. TD Securities dropped their price target on Spin Master from C$51.00 to C$50.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Cormark raised their price objective on Spin Master from C$54.00 to C$61.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th.

Spin Master Price Performance

TSE TOY opened at C$34.11 on Monday. The company has a current ratio of 2.71, a quick ratio of 2.06 and a debt-to-equity ratio of 4.48. Spin Master has a 1 year low of C$30.63 and a 1 year high of C$39.55. The company has a market cap of C$1.19 billion, a PE ratio of 15.79, a PEG ratio of 5.42 and a beta of 1.88. The stock’s 50-day moving average price is C$34.87 and its two-hundred day moving average price is C$35.26.

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.70%. Spin Master’s dividend payout ratio is 11.11%.

Insider Activity at Spin Master

In other news, Senior Officer Fredrik Lennart Loving sold 4,829 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of C$33.95, for a total transaction of C$163,935.37. 1.57% of the stock is currently owned by company insiders.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment, and digital games in North America, Europe, and internationally. The company operates through three segments: Toys, Entertainment, and Digital Games.