Oppenheimer Holdings, Inc. Reiterates Buy Rating for Spectrum Brands Holdings, Inc. (NYSE:SPB)

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.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/09/17/spectrum-brands-holdings-inc-spb-earns-buy-rating-from-oppenheimer-holdings-inc.html.

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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply