Spectrum Brands Holdings (SPB) Getting Somewhat Positive News Coverage, Study Shows

Press coverage about Spectrum Brands Holdings (NYSE:SPB) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spectrum Brands Holdings earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7241448380076 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Spectrum Brands Holdings (NYSE:SPB) traded down $0.07 during trading on Tuesday, hitting $105.01. 600,600 shares of the stock were exchanged, compared to its average volume of 413,462. The firm has a market cap of $6,099.17, a price-to-earnings ratio of 19.39, a PEG ratio of 1.67 and a beta of 0.75. The company has a current ratio of 1.88, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Spectrum Brands Holdings has a 1-year low of $98.11 and a 1-year high of $146.09.

Several analysts have recently issued reports on the stock. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $167.00 price objective on shares of Spectrum Brands Holdings in a research note on Wednesday, August 30th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Deutsche Bank AG reaffirmed a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Finally, BMO Capital Markets decreased their price target on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $140.13.

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About Spectrum Brands Holdings

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.

Insider Buying and Selling by Quarter for Spectrum Brands Holdings (NYSE:SPB)

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