Spectrum Brands Holdings Rating Increased to Outperform at Zacks (SPB)
Spectrum Brands Holdings (NYSE:SPB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, ARN reports. The firm currently has a $70.50 price target on the stock. Zacks‘ target price suggests a potential upside of 5.51% from the stock’s previous close.
A number of other firms have also recently commented on SPB. Analysts at Janney Montgomery Scott initiated coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research note to investors on Tuesday, September 10th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Spectrum Brands Holdings (NYSE:SPB) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $73.08.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded down 0.36% during mid-day trading on Wednesday, hitting $66.58. The stock had a trading volume of 66,872 shares. Spectrum Brands Holdings has a 52-week low of $39.86 and a 52-week high of $67.95. The stock’s 50-day moving average is $63.9 and its 200-day moving average is $59.46. The company’s market cap is $3.474 billion.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.07 by $0.17. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.78 earnings per share. Spectrum Brands Holdings’s revenue was up 32.2% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings will post $3.14 EPS for the current fiscal year.
Spectrum Brands Holdings, Inc is a consumer products company. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
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