Spectrum Brands Holdings Given Consensus Recommendation of “Buy” by Analysts (NYSE:SPB)
Shares of Spectrum Brands Holdings (NYSE:SPB) have been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $91.00.
A number of analysts have recently weighed in on SPB shares. Analysts at Barclays reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 31st. They now have a $92.00 price target on the stock, up previously from $90.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, up previously from $77.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Spectrum Brands Holdings from $2.00 to $96.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock.
In other Spectrum Brands Holdings news, CFO Anthony L. Genito sold 26,084 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $87.11, for a total value of $2,272,177.24. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded down 0.40% during mid-day trading on Wednesday, hitting $86.28. 26,851 shares of the company’s stock traded hands. Spectrum Brands Holdings has a 1-year low of $59.27 and a 1-year high of $88.40. The stock has a 50-day moving average of $84.82 and a 200-day moving average of $80.00. The company has a market cap of $4.550 billion and a P/E ratio of 35.22.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results 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 $4.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders 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 1.39%. The ex-dividend date is Friday, August 15th.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.
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