Spectrum Brands (NYSE:SPB) Given a $120.00 Price Target at Wells Fargo

Spectrum Brands (NYSE:SPB) received a $120.00 target price from stock analysts at Wells Fargo in a note issued to investors on Sunday, March 11th. The firm presently has a “buy” rating on the stock. Wells Fargo’s price objective would indicate a potential upside of 20.85% from the stock’s current price.

A number of other brokerages also recently issued reports on SPB. Jefferies Group reiterated a “buy” rating and issued a $142.00 price target on shares of Spectrum Brands in a report on Thursday, November 16th. KeyCorp set a $140.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a report on Tuesday, January 16th. BMO Capital Markets set a $132.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a report on Friday, November 17th. Oppenheimer reiterated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Spectrum Brands has an average rating of “Buy” and an average target price of $140.60.

Shares of SPB stock traded down $0.14 on Friday, hitting $99.30. 510,541 shares of the stock traded hands, compared to its average volume of 753,442. The company has a market capitalization of $5,744.04, a price-to-earnings ratio of 18.21, a PEG ratio of 1.56 and a beta of 0.78. Spectrum Brands has a 52 week low of $89.36 and a 52 week high of $146.09. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.70 and a quick ratio of 2.19.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The firm had revenue of $646.50 million for the quarter, compared to the consensus estimate of $1.26 billion. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. equities research analysts expect that Spectrum Brands will post 4.35 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock worth $119,000 after buying an additional 794 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Spectrum Brands during the 4th quarter worth about $177,000. Eagle Boston Investment Management Inc. purchased a new position in shares of Spectrum Brands during the 4th quarter worth about $201,000. State of Alaska Department of Revenue purchased a new position in shares of Spectrum Brands during the 4th quarter worth about $202,000. Finally, Ellington Management Group LLC purchased a new position in shares of Spectrum Brands during the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 48.28% of the company’s stock.

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Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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