Spectrum Brands (NYSE:SPB) has been assigned a $140.00 target price by KeyCorp in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. KeyCorp’s price target indicates a potential upside of 11.79% from the company’s previous close.

A number of other research firms have also recently issued reports on SPB. Jefferies Group reiterated a “buy” rating and issued a $142.00 target price on shares of Spectrum Brands in a research note on Thursday, November 16th. Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. BMO Capital Markets set a $132.00 target price on shares of Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. Oppenheimer reiterated a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands in a research note on Monday, November 20th. Finally, UBS Group lifted their target price on shares of Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $142.50.

Shares of Spectrum Brands (SPB) opened at $125.23 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. The stock has a market cap of $6,942.79, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.80 and a beta of 0.76. Spectrum Brands has a one year low of $98.11 and a one year high of $146.09.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. Spectrum Brands’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. equities research analysts predict that Spectrum Brands will post 6.14 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of SPB. SG Americas Securities LLC lifted its stake in shares of Spectrum Brands by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after buying an additional 533 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Spectrum Brands by 19.9% in the second quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock worth $2,146,000 after buying an additional 2,851 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Spectrum Brands by 80.1% in the second quarter. Teachers Advisors LLC now owns 58,511 shares of the company’s stock worth $7,316,000 after buying an additional 26,016 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Spectrum Brands by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 363,144 shares of the company’s stock worth $45,408,000 after buying an additional 3,318 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Spectrum Brands by 27.2% in the second quarter. Amalgamated Bank now owns 4,565 shares of the company’s stock worth $571,000 after buying an additional 977 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

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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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