Spectrum Brands (NYSE:SPB) had its price target dropped by analysts at BMO Capital Markets from $132.00 to $125.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 19.08% from the stock’s current price.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Spectrum Brands from a “hold” rating to a “strong sell” rating in a report on Saturday. Wells Fargo & Co restated a “buy” rating and set a $132.00 target price on shares of Spectrum Brands in a report on Thursday, February 8th. KeyCorp set a $140.00 target price on shares of Spectrum Brands and gave the stock a “buy” rating in a report on Tuesday, January 16th. UBS Group raised their target price on shares of Spectrum Brands from $124.00 to $140.00 in a report on Tuesday, January 16th. Finally, Jefferies Group restated a “buy” rating and set a $145.00 target price on shares of Spectrum Brands in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Spectrum Brands currently has an average rating of “Buy” and an average target price of $141.80.
Spectrum Brands (SPB) traded up $2.52 during trading on Tuesday, reaching $104.97. 406,222 shares of the company traded hands, compared to its average volume of 770,657. Spectrum Brands has a twelve month low of $98.11 and a twelve month high of $146.09. The company has a market cap of $5,904.37, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.19 and a beta of 0.69. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 2.01.
Several hedge funds and other institutional investors have recently bought and sold shares of SPB. Check Capital Management Inc. CA raised its holdings in shares of Spectrum Brands by 173.8% in the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after purchasing an additional 482,162 shares during the last quarter. Rovida Advisors Inc. acquired a new stake in shares of Spectrum Brands in the third quarter valued at approximately $21,081,000. Channing Capital Management LLC acquired a new stake in shares of Spectrum Brands in the third quarter valued at approximately $16,769,000. JPMorgan Chase & Co. raised its holdings in shares of Spectrum Brands by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock valued at $184,511,000 after purchasing an additional 121,573 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Spectrum Brands in the second quarter valued at approximately $12,046,000. Institutional investors own 47.27% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/13/spectrum-brands-spb-given-a-125-00-price-target-at-bmo-capital-markets.html.
Spectrum Brands Company Profile
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.
Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.