Spectrum Brands’ (SPB) Buy Rating Reaffirmed at Wells Fargo & Co

Spectrum Brands (NYSE:SPB)‘s stock had its “buy” rating restated by Wells Fargo & Co in a report released on Wednesday, December 20th.

Other equities research analysts also recently issued research reports about the company. Oppenheimer restated a “buy” rating and set a $167.00 target price on shares of Spectrum Brands in a research report on Monday, November 20th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. BidaskClub raised shares of Spectrum Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. KeyCorp set a $130.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $143.00 price target on shares of Spectrum Brands in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $141.67.

Spectrum Brands (NYSE SPB) opened at $120.48 on Wednesday. Spectrum Brands has a 12 month low of $98.11 and a 12 month high of $146.09. The firm has a market capitalization of $6,950.00, a P/E ratio of 24.00, a PEG ratio of 1.79 and a beta of 0.76. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. Spectrum Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. research analysts forecast that Spectrum Brands will post 6.16 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of SPB. Alps Advisors Inc. lifted its holdings in Spectrum Brands by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after buying an additional 9 shares during the period. Cutter & CO Brokerage Inc. lifted its holdings in Spectrum Brands by 1.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after buying an additional 35 shares during the period. Commerce Bank lifted its holdings in Spectrum Brands by 4.5% in the second quarter. Commerce Bank now owns 2,300 shares of the company’s stock worth $288,000 after buying an additional 100 shares during the period. Aperio Group LLC lifted its holdings in Spectrum Brands by 4.2% in the second quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after buying an additional 116 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Spectrum Brands by 3.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,226 shares of the company’s stock worth $664,000 after buying an additional 157 shares during the period. Institutional investors own 48.23% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Spectrum Brands’ (SPB) Buy Rating Reaffirmed at Wells Fargo & Co” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://ledgergazette.com/2018/01/13/spectrum-brands-spb-buy-rating-reaffirmed-at-wells-fargo-company.html.

Spectrum Brands Company Profile

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 (NYSE:SPB)

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

Leave a Reply