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.
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.
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