Spectrum Brands (NYSE:SPB) Price Target Cut to $114.00 by Analysts at Deutsche Bank Aktiengesellschaft

Spectrum Brands (NYSE:SPBGet Rating) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $114.00 in a research report issued to clients and investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 34.01% from the company’s current price.

Other research analysts also recently issued reports about the company. National Bank Financial upgraded Spectrum Brands to an “outperform” rating in a report on Wednesday, January 26th. UBS Group boosted their target price on Spectrum Brands from $118.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday, April 4th. Raymond James downgraded Spectrum Brands to a “market perform” rating in a research note on Wednesday, January 12th. Zacks Investment Research downgraded Spectrum Brands from a “hold” rating to a “sell” rating and set a $92.00 target price on the stock. in a research note on Monday, January 31st. Finally, StockNews.com started coverage on Spectrum Brands in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $117.29.

Shares of NYSE:SPB opened at $85.07 on Monday. Spectrum Brands has a 12-month low of $75.66 and a 12-month high of $107.22. The business’s fifty day simple moving average is $89.03 and its 200-day simple moving average is $94.11. The company has a market capitalization of $3.47 billion, a PE ratio of 29.03 and a beta of 1.57. The company has a current ratio of 2.92, a quick ratio of 2.32 and a debt-to-equity ratio of 2.19.

Spectrum Brands (NYSE:SPBGet Rating) last announced its quarterly earnings results on Friday, February 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). Spectrum Brands had a net margin of 3.28% and a return on equity of 10.74%. The company had revenue of $757.20 million during the quarter, compared to analysts’ expectations of $728.11 million. During the same quarter in the prior year, the business posted $2.13 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts predict that Spectrum Brands will post 3.69 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SPB. Dark Forest Capital Management LP purchased a new stake in Spectrum Brands during the 3rd quarter valued at about $26,000. Rockefeller Capital Management L.P. grew its stake in Spectrum Brands by 182.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 327 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Spectrum Brands by 65.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $49,000 after purchasing an additional 201 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in Spectrum Brands during the 4th quarter valued at about $51,000. Finally, Moors & Cabot Inc. purchased a new stake in Spectrum Brands during the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

About Spectrum Brands (Get Rating)

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands.

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