Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reissued by analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Wednesday. They currently have a $167.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 51.87% from the company’s current price. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ FY2017 earnings at $5.60 EPS.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Zacks Investment Research cut shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 29th. Deutsche Bank AG reduced their price objective on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Spectrum Brands Holdings has an average rating of “Buy” and an average price target of $146.44.

Spectrum Brands Holdings (NYSE SPB) opened at 109.96 on Wednesday. The firm has a market cap of $6.38 billion, a P/E ratio of 22.51 and a beta of 0.66. Spectrum Brands Holdings has a 52-week low of $105.30 and a 52-week high of $146.09. The company’s 50 day moving average is $114.11 and its 200 day moving average is $129.34.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.73 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts forecast that Spectrum Brands Holdings will post $5.60 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in SPB. Flinton Capital Management LLC boosted its position in shares of Spectrum Brands Holdings by 22.4% in the first quarter. Flinton Capital Management LLC now owns 6,032 shares of the company’s stock worth $838,000 after buying an additional 1,104 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Spectrum Brands Holdings by 18.0% in the first quarter. American Century Companies Inc. now owns 530,552 shares of the company’s stock worth $73,752,000 after buying an additional 80,932 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Spectrum Brands Holdings by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 42,558 shares of the company’s stock worth $5,916,000 after buying an additional 2,048 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Spectrum Brands Holdings during the first quarter worth about $528,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Spectrum Brands Holdings by 11.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 84,058 shares of the company’s stock worth $11,685,000 after buying an additional 8,342 shares during the last quarter. Institutional investors own 47.00% of the company’s stock.

Spectrum Brands Holdings 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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

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