Spectrum Brands Holdings, Inc. (SPB) Stock Rating Reaffirmed by Royal Bank Of Canada

Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a $155.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 41.55% from the stock’s current price.

A number of other analysts have also issued reports on SPB. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $125.00 target price (down previously from $147.00) on shares of Spectrum Brands Holdings in a report on Tuesday, October 31st. KeyCorp set a $130.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $140.00.

Shares of Spectrum Brands Holdings (NYSE:SPB) traded up $10.15 during mid-day trading on Wednesday, hitting $109.50. The company had a trading volume of 2,947,800 shares, compared to its average volume of 427,875. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.88 and a quick ratio of 0.95. Spectrum Brands Holdings has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a market cap of $5,766.59, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.75.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $1.31 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. sell-side analysts predict that Spectrum Brands Holdings will post 5.57 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in SPB. BlackRock Inc. grew its holdings in shares of Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after purchasing an additional 1,185,319 shares in the last quarter. Check Capital Management Inc. CA grew its holdings in shares of Spectrum Brands Holdings by 173.8% during the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Rovida Advisors Inc. acquired a new stake in shares of Spectrum Brands Holdings during the 3rd quarter worth approximately $21,081,000. Schroder Investment Management Group grew its holdings in shares of Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after purchasing an additional 186,285 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

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