Spin Master Corp. (TSE:TOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Spin Master Corp. (TSE:TOY) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$42.13.

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

Insider Buying and Selling

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

Spin Master Price Performance

TSE:TOY opened at C$34.81 on Tuesday. Spin Master has a one year low of C$27.52 and a one year high of C$36.82. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The stock has a market cap of C$1.21 billion, a PE ratio of 61.07, a P/E/G ratio of 0.57 and a beta of 1.86. The stock has a 50 day moving average price of C$31.93 and a 200 day moving average price of C$30.74.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master’s dividend payout ratio is presently 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.