Spectrum Brands Holdings Inc (NYSE:SPB) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Spectrum Brands Holdings Inc (NYSE:SPB) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $53.79.
A number of research firms recently issued reports on SPB. Monness Crespi & Hardt reiterated a “buy” rating and issued a $77.00 target price (up from $64.00) on shares of Spectrum Brands in a research note on Thursday, May 9th. Wells Fargo & Co restated a “hold” rating and issued a $11.00 price target on shares of Coty in a research report on Wednesday, May 8th. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank restated a “hold” rating on shares of AIB Group in a research report on Monday, April 8th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $0.35 price target on shares of DB Commodity Double Short ETN in a research report on Friday, July 12th.
NYSE:SPB traded up $0.02 during midday trading on Friday, reaching $51.69. The stock had a trading volume of 215,115 shares, compared to its average volume of 417,305. Spectrum Brands has a 1-year low of $40.54 and a 1-year high of $92.72. The business has a fifty day moving average price of $54.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.60 and a quick ratio of 0.82. The firm has a market capitalization of $2.52 billion, a PE ratio of 14.60, a P/E/G ratio of 8.53 and a beta of 1.84.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new position in Spectrum Brands during the second quarter valued at approximately $411,000. New Jersey Better Educational Savings Trust acquired a new position in Spectrum Brands during the second quarter valued at approximately $333,000. Supplemental Annuity Collective Trust of NJ acquired a new position in Spectrum Brands during the second quarter valued at approximately $538,000. FMR LLC grew its holdings in Spectrum Brands by 14.3% during the first quarter. FMR LLC now owns 7,895,443 shares of the company’s stock valued at $432,511,000 after purchasing an additional 986,101 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Spectrum Brands by 33.0% during the first quarter. Nordea Investment Management AB now owns 97,600 shares of the company’s stock valued at $5,346,000 after purchasing an additional 24,200 shares during the period.
About Spectrum Brands
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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