Spectrum Brands Holdings, Inc. (SPB) Given a $132.00 Price Target by BMO Capital Markets Analysts
Spectrum Brands Holdings, Inc. (NYSE:SPB) has been assigned a $132.00 price target by stock analysts at BMO Capital Markets in a research note issued on Friday. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 17.45% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Gabelli raised Spectrum Brands Holdings from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America Corporation boosted their target price on Spectrum Brands Holdings from $113.00 to $116.00 and gave the stock a “neutral” rating in a research report on Friday. KeyCorp set a $130.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Friday. Jefferies Group LLC set a $143.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.25.
Shares of Spectrum Brands Holdings (SPB) opened at $112.39 on Friday. The stock has a market capitalization of $6,370.00, a price-to-earnings ratio of 19.11, a PEG ratio of 1.65 and a beta of 0.75. The company has a current ratio of 1.88, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Spectrum Brands Holdings has a 52-week low of $98.11 and a 52-week high of $146.09.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.31 earnings per share. research analysts anticipate that Spectrum Brands Holdings will post 5.57 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in SPB. BlackRock Inc. boosted its stake in shares of Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after acquiring an additional 1,185,319 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Spectrum Brands Holdings by 173.8% during the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after acquiring an additional 482,162 shares in the last quarter. Rovida Advisors Inc. bought a new stake in shares of Spectrum Brands Holdings during the 3rd quarter worth about $21,081,000. Schroder Investment Management Group boosted its stake in shares of Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after acquiring an additional 186,285 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after acquiring an additional 161,567 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.
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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