BMO Capital Markets Lowers Spectrum Brands (SPB) Price Target to $125.00

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.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The business had revenue of $646.50 million for the quarter, compared to analyst estimates of $1.26 billion. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. Spectrum Brands’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. research analysts anticipate that Spectrum Brands will post 4.28 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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