Monness Crespi & Hardt Increases Spectrum Brands Holdings Price Target to $93.00 (SPB)
Investment analysts at Monness Crespi & Hardt lifted their price objective on shares of Spectrum Brands Holdings (NYSE:SPB) from $85.00 to $93.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price points to a potential upside of 10.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Spectrum Brands Holdings from $83.00 to $87.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Spectrum Brands Holdings from $90.00 to $95.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Wednesday, July 16th. They now have a $94.00 price target on the stock, up previously from $89.00. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $86.39.
Spectrum Brands Holdings (NYSE:SPB) opened at 84.52 on Thursday. Spectrum Brands Holdings has a 1-year low of $56.49 and a 1-year high of $88.39. The stock’s 50-day moving average is $83.49 and its 200-day moving average is $78.0. The company has a market cap of $4.457 billion and a price-to-earnings ratio of 50.64.
Spectrum Brands Holdings (NYSE:SPB) last released its earnings data on Wednesday, July 30th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.29 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.90 earnings per share. Spectrum Brands Holdings’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings will post $4.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, August 15th.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.
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