Spectrum Brands (NYSE:SPB) was downgraded by equities research analysts at UBS Group from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.

Several other equities analysts have also commented on SPB. ValuEngine raised shares of Spectrum Brands from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. BMO Capital Markets lifted their price target on shares of Spectrum Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Gabelli reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Friday, July 27th. TheStreet raised shares of Spectrum Brands from a “c” rating to a “b-” rating in a report on Monday, August 20th. Finally, Zacks Investment Research raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.90.

SPB stock opened at $49.25 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.68 and a current ratio of 3.14. Spectrum Brands has a 12 month low of $45.88 and a 12 month high of $119.94. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -79.44, a PEG ratio of 1.80 and a beta of 1.66.

Spectrum Brands (NYSE:SPB) last released its earnings results on Monday, November 19th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.29). Spectrum Brands had a net margin of 22.32% and a negative return on equity of 4.00%. The firm had revenue of $787.80 million during the quarter, compared to the consensus estimate of $803.72 million. During the same period in the prior year, the business earned $1.35 earnings per share. Spectrum Brands’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Spectrum Brands will post 3.43 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Yale Capital Corp. lifted its position in shares of Spectrum Brands by 5.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 13,969 shares of the company’s stock valued at $1,140,000 after acquiring an additional 715 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Spectrum Brands by 16.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,196 shares of the company’s stock valued at $423,000 after acquiring an additional 725 shares during the period. US Bancorp DE lifted its position in shares of Spectrum Brands by 5.8% during the 3rd quarter. US Bancorp DE now owns 15,337 shares of the company’s stock valued at $1,146,000 after acquiring an additional 842 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Spectrum Brands by 90.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,765 shares of the company’s stock valued at $207,000 after acquiring an additional 1,314 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Spectrum Brands during the 3rd quarter valued at $116,000.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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