Spectrum Brands Holdings PT Raised to $92.00 at CRT Capital (SPB)
Equities research analysts at CRT Capital increased their price target on shares of Spectrum Brands Holdings (NYSE:SPB) from $90.00 to $92.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. CRT Capital’s target price would suggest a potential upside of 8.85% from the company’s current price.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 84.52 on Thursday. Spectrum Brands Holdings has a one year low of $56.49 and a one year high of $88.39. The stock has a 50-day moving average of $83.49 and a 200-day moving average of $78.0. The company has a market cap of $4.457 billion and a P/E 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Spectrum Brands Holdings will post $4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, August 15th.
A number of other analysts have also recently weighed in on SPB. Analysts at Monness Crespi & Hardt raised their price target on shares of Spectrum Brands Holdings from $85.00 to $93.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.39.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.