Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a research note issued on Wednesday, August 30th. They presently have a $167.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price target indicates a potential upside of 59.35% from the company’s previous close. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q4 2017 earnings at $1.50 EPS and FY2017 earnings at $5.60 EPS.
A number of other research firms have also weighed in on SPB. Jefferies Group LLC reissued a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands Holdings in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 price target on shares of Spectrum Brands Holdings in a research report on Thursday, May 25th. Deutsche Bank AG decreased their price objective on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $146.38.
Spectrum Brands Holdings (NYSE:SPB) opened at 104.80 on Wednesday. The stock has a 50 day moving average price of $108.79 and a 200 day moving average price of $127.24. Spectrum Brands Holdings has a 12 month low of $102.27 and a 12 month high of $146.09. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 21.46 and a beta of 0.68.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.21). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. Analysts anticipate that Spectrum Brands Holdings will post $5.60 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of SPB. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth $100,000. Daiwa Securities Group Inc. increased its holdings in shares of Spectrum Brands Holdings by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after acquiring an additional 200 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Spectrum Brands Holdings in the 2nd quarter worth about $113,000. Invictus RG acquired a new stake in shares of Spectrum Brands Holdings in the 1st quarter worth about $156,000. Finally, FNY Partners Fund LP acquired a new stake in shares of Spectrum Brands Holdings in the 2nd quarter worth about $187,000. 47.01% of the stock is currently owned by institutional investors.
About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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