TOday’s Movers: Spectrum Brands Holdings (NYSE:SPB) Stock Rating Reiterated by BMO Capital; $125 Target Price Indicates 22.08 % Potential

February 15, 2018 - By Marguerite Chambers

 TOday’s Movers: Spectrum Brands Holdings (NYSE:SPB) Stock Rating Reiterated by BMO Capital; $125 Target Price Indicates 22.08 % Potential

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.18, from 0.98 in 2017Q2. It is negative, as 48 investors sold Spectrum Brands Holdings, Inc. shares while 84 reduced holdings. 37 funds opened positions while 68 raised stakes. 27.23 million shares or 1.77% more from 26.76 million shares in 2017Q2 were reported.

Twin Tree Lp accumulated 4,242 shares. Moreover, Putnam Investments Limited Com has 0.01% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 36,715 shares. Farallon Capital Mgmt Lc holds 147,000 shares. Panagora Asset Mngmt stated it has 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Art Advsr Ltd Liability Com invested in 12,700 shares. Fmr Ltd Limited Liability Company reported 2.02 million shares or 0.03% of all its holdings. Stifel holds 0% or 10,996 shares in its portfolio. Delta Asset Tn invested in 0% or 13 shares. Hsbc Holding Plc holds 21,795 shares or 0% of its portfolio. Retail Bank Of America De has 46,023 shares. Boston Private Wealth Llc holds 0.02% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 5,026 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 9,636 shares. Smithfield reported 720 shares. Northern invested in 0% or 148,035 shares. Wesbanco Bancshares Incorporated has invested 0.09% in Spectrum Brands Holdings, Inc. (NYSE:SPB).

Spectrum Brands Holdings (NYSE:SPB) Rating Reaffirmed

The firm has just set a target price of $125 on Spectrum Brands Holdings (NYSE:SPB) shares. This is 22.08 % from the stock close price. In analysts report revealed to clients and investors on Wednesday morning, BMO Capital kept their “Outperform” rating on shares of SPB.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.18, from 0.98 in 2017Q2. It is negative, as 48 investors sold Spectrum Brands Holdings, Inc. shares while 84 reduced holdings. 37 funds opened positions while 68 raised stakes. 27.23 million shares or 1.77% more from 26.76 million shares in 2017Q2 were reported.

Twin Tree Lp accumulated 4,242 shares. Moreover, Putnam Investments Limited Com has 0.01% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 36,715 shares. Farallon Capital Mgmt Lc holds 147,000 shares. Panagora Asset Mngmt stated it has 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Art Advsr Ltd Liability Com invested in 12,700 shares. Fmr Ltd Limited Liability Company reported 2.02 million shares or 0.03% of all its holdings. Stifel holds 0% or 10,996 shares in its portfolio. Delta Asset Tn invested in 0% or 13 shares. Hsbc Holding Plc holds 21,795 shares or 0% of its portfolio. Retail Bank Of America De has 46,023 shares. Boston Private Wealth Llc holds 0.02% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 5,026 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 9,636 shares. Smithfield reported 720 shares. Northern invested in 0% or 148,035 shares. Wesbanco Bancshares Incorporated has invested 0.09% in Spectrum Brands Holdings, Inc. (NYSE:SPB).

Spectrum Brands Holdings, Inc. (NYSE:SPB) Ratings Coverage

Among 14 analysts covering Spectrum Brands (NYSE:SPB), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Spectrum Brands has $167 highest and $4.49 lowest target. $129.12’s average target is 26.11% above currents $102.39 stock price. Spectrum Brands had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 30 by Oppenheimer. The firm has “Buy” rating given on Friday, February 9 by Deutsche Bank. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 12. The firm has “Outperform” rating by BMO Capital Markets given on Friday, December 16. The rating was maintained by Jefferies with “Buy” on Wednesday, April 19. On Tuesday, October 10 the stock rating was maintained by Jefferies with “Buy”. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Wednesday, June 21 by Oppenheimer. The firm has “Buy” rating given on Thursday, July 6 by Jefferies. Deutsche Bank maintained it with “Buy” rating and $114 target in Thursday, August 6 report. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 15.

The stock decreased 2.98% or $3.14 during the last trading session, reaching $102.39. About 195,891 shares traded. Spectrum Brands Holdings, Inc. (NYSE:SPB) has risen 10.42% since February 15, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Spectrum Brands Holdings, Inc. manufactures, markets, and/or distributes consumer products worldwide. The company has market cap of $5.93 billion. It operates through five divisions: Global Batteries & Appliances, Hardware & Home Improvement, Global Pet Supplies, Home and Garden, and Global Auto Care. It has a 15.31 P/E ratio. The firm offers batteries; battery-powered portable lighting products; small kitchen and home appliances; personal care products; hinges; security, garage door, and window hardware products; floor protection products; residential lockset and door hardware products; commercial door, lock, and hardware products; and plumbing products.

More notable recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Archer Daniels Midland, HanesBrands and Spectrum Brands …” on February 14, 2018, also Nasdaq.com with their article: “Spectrum Brands Holdings, Inc. (SPB) Ex-Dividend Date Scheduled for February …” published on February 15, 2018, Businesswire.com published: “Spectrum Brands Holdings Reports Fiscal 2018 First Quarter Results from …” on February 08, 2018. More interesting news about Spectrum Brands Holdings, Inc. (NYSE:SPB) were released by: Seekingalpha.com and their article: “Spectrum Brands: Bye Batteries” published on January 17, 2018 as well as Bizjournals.com‘s news article titled: “Spectrum Brands in talks with majority shareholder on ‘potential strategic …” with publication date: January 19, 2018.

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