Spectrum Brands Holdings Price Target Raised to $83.00 at Jefferies Group (SPB)
Equities research analysts at Jefferies Group increased their target price on shares of Spectrum Brands Holdings (NYSE:SPB) from $76.00 to $83.00 in a research note issued to investors on Monday, StockRatingsNetwork reports. Jefferies Group’s price target indicates a potential upside of 8.14% from the company’s current price.
A number of other analysts have also recently weighed in on SPB. Analysts at Deutsche Bank raised their price target on shares of Spectrum Brands Holdings from $78.00 to $89.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Spectrum Brands Holdings from $84.00 to $91.00 in a research note on Friday, March 14th. Finally, analysts at TheStreet upgraded shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $82.94.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded down 1.52% during mid-day trading on Monday, hitting $75.63. The stock had a trading volume of 90,771 shares. Spectrum Brands Holdings has a 52 week low of $51.02 and a 52 week high of $81.49. The stock has a 50-day moving average of $78.31 and a 200-day moving average of $71.08. The company has a market cap of $3.986 billion and a price-to-earnings ratio of 321.34.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.72 earnings per share. Spectrum Brands Holdings’s revenue was up 26.5% compared to the same quarter last year. On average, analysts predict that Spectrum Brands Holdings will post $4.31 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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