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.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Wednesday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Spectrum Brands had a net margin of 24.97% and a return on equity of 6.03%. The firm had revenue of $906.70 million during the quarter, compared to analyst estimates of $874.57 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Spectrum Brands will post 2.82 EPS for the current year.

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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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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