Spectrum Brands Holdings Coverage Initiated at BMO Capital Markets (SPB)
Equities researchers at BMO Capital Markets assumed coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Spectrum Brands Holdings (NYSE:SPB) traded up 2.00% during mid-day trading on Thursday, hitting $64.75. 73,157 shares of the company’s stock traded hands. Spectrum Brands Holdings has a one year low of $42.19 and a one year high of $67.95. The stock has a 50-day moving average of $64.6 and a 200-day moving average of $60.16. The company’s market cap is $3.378 billion.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. Analysts expect that Spectrum Brands Holdings will post $2.92 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Thursday, October 10th. They set a “hold” rating and a $63.02 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.65.
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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