Spectrum Brands Holdings, Inc. (SPB) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.
Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reiterated by Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday. They currently have a $167.00 target price on the stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 46.81% from the stock’s current price. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $1.60 EPS and FY2018 earnings at $6.20 EPS.
SPB has been the subject of a number of other reports. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 target price on Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 target price (down from $147.00) on shares of Spectrum Brands Holdings in a research note on Tuesday, October 31st. Finally, KeyCorp set a $130.00 target price on Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.25.
Spectrum Brands Holdings (NYSE:SPB) opened at $113.75 on Monday. Spectrum Brands Holdings has a twelve month low of $98.11 and a twelve month high of $146.09. The stock has a market capitalization of $6,520.00, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a net margin of 5.91% and a return on equity of 17.48%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that Spectrum Brands Holdings will post 6.29 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of SPB. Check Capital Management Inc. CA increased its position in shares of Spectrum Brands Holdings by 173.8% during the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Rovida Advisors Inc. purchased a new stake in shares of Spectrum Brands Holdings during the third quarter worth approximately $21,081,000. Schroder Investment Management Group increased its position in shares of Spectrum Brands Holdings by 29.7% during the second quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after purchasing an additional 186,285 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Spectrum Brands Holdings by 18.2% during the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares in the last quarter. Finally, Channing Capital Management LLC purchased a new stake in shares of Spectrum Brands Holdings during the third quarter worth approximately $16,769,000. Hedge funds and other institutional investors own 47.13% of the company’s stock.
Spectrum Brands Holdings 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.
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