Jefferies Group Initiates Coverage on Spectrum Brands Holdings (SPB)
Jefferies Group assumed coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Spectrum Brands Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $70.50 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Tuesday, September 10th. They set an “outperform” rating and a $82.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Spectrum Brands Holdings has a consensus rating of “Buy” and an average price target of $73.08.
Spectrum Brands Holdings (NYSE:SPB) opened at 63.02 on Thursday. Spectrum Brands Holdings has a 52-week low of $42.19 and a 52-week high of $67.95. The stock’s 50-day moving average is $64.37 and its 200-day moving average is $59.90. The company’s market cap is $3.288 billion.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Spectrum Brands Holdings will post $3.04 earnings per share 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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