Brokerages Set Spectrum Brands Holdings Inc (SPB) PT at $121.40

Spectrum Brands Holdings Inc (NYSE:SPB) has earned an average rating of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $121.40.

SPB has been the subject of several analyst reports. ValuEngine upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. TheStreet upgraded Spectrum Brands from a “d” rating to a “c-” rating in a report on Monday, July 16th. Bank of America initiated coverage on Spectrum Brands in a report on Friday, July 20th. They issued a “neutral” rating and a $84.00 price target for the company. BMO Capital Markets boosted their price target on Spectrum Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Gabelli reiterated a “buy” rating on shares of Spectrum Brands in a report on Friday, July 27th.

SPB traded down $0.29 during trading on Monday, hitting $66.42. The company’s stock had a trading volume of 6,846 shares, compared to its average volume of 412,380. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.68 and a current ratio of 3.14. The company has a market capitalization of $3.53 billion, a PE ratio of -107.13, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66. Spectrum Brands has a twelve month low of $58.88 and a twelve month high of $119.94.

Several hedge funds have recently added to or reduced their stakes in the company. LaSalle Street Capital Management LLC acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth $358,000. Swiss National Bank increased its holdings in shares of Spectrum Brands by 73.9% during the 3rd quarter. Swiss National Bank now owns 70,099 shares of the company’s stock worth $5,238,000 after buying an additional 29,799 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth $9,819,000. Commonwealth Bank of Australia acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth $358,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth $240,000.

About Spectrum Brands

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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