Royal Bank of Canada Has Lowered Expectations for Spectrum Brands (NYSE:SPB) Stock Price

Spectrum Brands (NYSE:SPB - Get Free Report) had its price target lowered by equities research analysts at Royal Bank of Canada from $114.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 43.72% from the stock's previous close.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company dropped their target price on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and boosted their price target for the company from $94.00 to $102.00 in a report on Friday. Finally, UBS Group decreased their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.43.

Spectrum Brands Trading Up 0.6 %

Shares of NYSE:SPB traded up $0.45 on Friday, hitting $76.54. 552,580 shares of the company's stock were exchanged, compared to its average volume of 475,599. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The business's 50 day simple moving average is $85.96 and its two-hundred day simple moving average is $89.03. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. Spectrum Brands has a 12 month low of $74.72 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period last year, the firm earned $0.78 EPS. Analysts anticipate that Spectrum Brands will post 5.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Spectrum Brands

Several hedge funds have recently bought and sold shares of SPB. SG Americas Securities LLC acquired a new position in Spectrum Brands during the 3rd quarter worth about $222,000. CWM LLC raised its position in Spectrum Brands by 151.7% in the 3rd quarter. CWM LLC now owns 1,880 shares of the company's stock valued at $179,000 after purchasing an additional 1,133 shares in the last quarter. nVerses Capital LLC raised its position in Spectrum Brands by 28.6% in the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock valued at $171,000 after purchasing an additional 400 shares in the last quarter. West Oak Capital LLC raised its position in Spectrum Brands by 48.8% in the 3rd quarter. West Oak Capital LLC now owns 26,984 shares of the company's stock valued at $2,567,000 after purchasing an additional 8,855 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Spectrum Brands by 410.8% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the company's stock valued at $77,000 after purchasing an additional 649 shares in the last quarter.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. 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, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.