Spectrum Brands (NYSE:SPB) had its price target hoisted by UBS Group from $124.00 to $140.00 in a research note issued on Tuesday, The Fly reports. UBS Group’s target price suggests a potential upside of 11.79% from the stock’s current price.

SPB has been the topic of several other research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $155.00 target price on shares of Spectrum Brands in a research report on Wednesday, November 15th. Zacks Investment Research raised Spectrum Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group reaffirmed a “buy” rating and set a $145.00 target price on shares of Spectrum Brands in a research report on Tuesday, January 9th. KeyCorp set a $130.00 target price on Spectrum Brands and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Bank of America increased their target price on Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Spectrum Brands currently has a consensus rating of “Buy” and a consensus target price of $141.50.

Spectrum Brands (SPB) traded up $4.75 on Tuesday, reaching $125.23. The company’s stock had a trading volume of 1,447,927 shares, compared to its average volume of 739,830. The stock has a market cap of $7,220.00, a P/E ratio of 24.95, a P/E/G ratio of 1.80 and a beta of 0.76. Spectrum Brands has a one year low of $98.11 and a one year high of $146.09. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. equities analysts anticipate that Spectrum Brands will post 6.14 EPS for the current year.

Several institutional investors have recently bought and sold shares of SPB. Flinton Capital Management LLC raised its stake in Spectrum Brands by 4.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,320 shares of the company’s stock worth $790,000 after acquiring an additional 288 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Spectrum Brands by 20.3% in the second quarter. Cubist Systematic Strategies LLC now owns 2,766 shares of the company’s stock valued at $346,000 after acquiring an additional 466 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in Spectrum Brands by 4.4% in the third quarter. Texas Yale Capital Corp. now owns 12,120 shares of the company’s stock valued at $1,284,000 after acquiring an additional 510 shares in the last quarter. SG Americas Securities LLC boosted its stake in Spectrum Brands by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after acquiring an additional 533 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Spectrum Brands by 1.3% in the third quarter. California Public Employees Retirement System now owns 43,041 shares of the company’s stock valued at $4,559,000 after acquiring an additional 541 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

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About Spectrum Brands

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

The Fly

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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