Spectrum Brands (SPB) Given New $140.00 Price Target at UBS Group
Spectrum Brands (NYSE:SPB) had its price target increased by analysts at UBS Group from $124.00 to $140.00 in a research report issued on Tuesday, The Fly reports. UBS Group’s target price indicates a potential upside of 16.20% from the company’s previous close.
SPB has been the topic of several other reports. Royal Bank of Canada restated a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group restated a “buy” rating and issued a $145.00 price target on shares of Spectrum Brands in a research note on Tuesday, January 9th. KeyCorp set a $130.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Bank of America upped their price target on shares of Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $141.50.
Shares of Spectrum Brands (NYSE SPB) traded down $0.14 on Tuesday, hitting $120.48. 408,600 shares of the stock traded hands, compared to its average volume of 661,156. The company has a market capitalization of $6,942.79, a price-to-earnings ratio of 23.90, a PEG ratio of 1.80 and a beta of 0.76. Spectrum Brands has a 52 week low of $98.11 and a 52 week high of $146.09. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75.
Spectrum Brands (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 Thomson Reuters’ consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 earnings per share. sell-side analysts expect that Spectrum Brands will post 6.14 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its stake in Spectrum Brands by 4.8% during the second quarter. Flinton Capital Management LLC now owns 6,320 shares of the company’s stock worth $790,000 after buying an additional 288 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Spectrum Brands by 20.3% during the second quarter. Cubist Systematic Strategies LLC now owns 2,766 shares of the company’s stock worth $346,000 after buying an additional 466 shares in the last quarter. Texas Yale Capital Corp. grew its stake in Spectrum Brands by 4.4% during the third quarter. Texas Yale Capital Corp. now owns 12,120 shares of the company’s stock worth $1,284,000 after buying an additional 510 shares in the last quarter. SG Americas Securities LLC grew its stake in Spectrum Brands by 50.6% during 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 in the last quarter. Finally, California Public Employees Retirement System grew its stake in Spectrum Brands by 1.3% during the third quarter. California Public Employees Retirement System now owns 43,041 shares of the company’s stock worth $4,559,000 after buying an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.
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Spectrum Brands Company Profile
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.
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