Spectrum Brands (SPB) Price Target Cut to $125.00 by Analysts at BMO Capital Markets

Spectrum Brands (NYSE:SPB) had its target price lowered by stock analysts at BMO Capital Markets from $132.00 to $125.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 18.45% from the company’s previous close.

Several other research firms also recently issued reports on SPB. Jefferies Group reissued a “buy” rating and issued a $142.00 target price on shares of Spectrum Brands in a research report on Thursday, November 16th. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. KeyCorp set a $140.00 target price on Spectrum Brands and gave the company a “buy” rating in a research report on Tuesday, January 16th. Oppenheimer reissued a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands in a research report on Monday, November 20th. Finally, Zacks Investment Research raised Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $141.80.

Shares of Spectrum Brands (SPB) opened at $105.53 on Tuesday. Spectrum Brands has a twelve month low of $98.11 and a twelve month high of $146.09. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $5,929.84, a price-to-earnings ratio of 22.13, a PEG ratio of 1.95 and a beta of 0.69.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. Spectrum Brands had a return on equity of 14.51% and a net margin of 8.80%. The firm had revenue of $646.50 million during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts expect that Spectrum Brands will post 4.19 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its position in Spectrum Brands by 296.7% during the 4th quarter. Millennium Management LLC now owns 717,699 shares of the company’s stock worth $80,669,000 after purchasing an additional 536,798 shares during the period. Newbrook Capital Advisors LP acquired a new stake in Spectrum Brands during the 4th quarter worth about $76,729,000. Sciencast Management LP acquired a new stake in Spectrum Brands during the 4th quarter worth about $316,000. Clearline Capital LP grew its position in Spectrum Brands by 41.8% during the 4th quarter. Clearline Capital LP now owns 105,425 shares of the company’s stock worth $11,850,000 after purchasing an additional 31,065 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Spectrum Brands during the 4th quarter worth about $177,000. 47.27% of the stock is currently owned by 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.

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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