Jefferies Financial Group Issues Positive Forecast for Spin Master (TSE:TOY) Stock Price
by Jessica Moore · The Cerbat GemSpin Master (TSE:TOY – Free Report) had its price objective lifted by Jefferies Financial Group from C$23.00 to C$26.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities analysts also recently issued reports on the company. National Bank Financial cut their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Stifel Nicolaus lifted their price target on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Canaccord Genuity Group cut their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, March 6th. TD Securities cut their price target on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada cut their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Spin Master presently has an average rating of “Moderate Buy” and an average price target of C$27.22.
Check Out Our Latest Research Report on TOY
Spin Master Stock Down 1.4%
Spin Master stock traded down C$0.29 during midday trading on Friday, reaching C$20.35. The stock had a trading volume of 320,671 shares, compared to its average volume of 151,722. Spin Master has a 12 month low of C$17.13 and a 12 month high of C$26.34. The company has a market capitalization of C$2.04 billion, a P/E ratio of -13.94, a PEG ratio of 0.57 and a beta of 0.76. The company has a fifty day moving average price of C$18.49 and a two-hundred day moving average price of C$19.33. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 35.23.
Spin Master (TSE:TOY – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. Spin Master had a negative net margin of 7.69% and a negative return on equity of 12.40%. The firm had revenue of C$456.71 million during the quarter. As a group, equities analysts expect that Spin Master will post 3.1361829 EPS for the current fiscal year.
Spin Master Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, March 27th. Spin Master’s payout ratio is presently -23.66%.
Spin Master Company Profile
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.