Published: Thu, January 18, 2018
Business | By Tara Barton

KeyCorp Analysts Give Spectrum Brands (SPB) a $140.00 Price Target

KeyCorp Analysts Give Spectrum Brands (SPB) a $140.00 Price Target

The most recent non open market insider trade was completed by FAGRE NATHAN E on 12/08/2017, and was a acquisition of 1,231 shares with a final price of $0.

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. Dimensional Fund L P holds 0.02% or 340,810 shares in its portfolio. It dived, as 48 investors sold Spectrum Brands Holdings, Inc. shares while 84 reduced holdings.

Energizer said the acquisition will "expand Energizer's presence in a number of global markets, broaden Energizer's product portfolio and manufacturing capabilities, and increase capacity for research and development".

Gift-card company Blackhawk agreed to go private with a $3.5 billion buyout from Silver Lake Partners and P2 Capital Partners.

Andreas Rouvé, Chief Executive Officer of Spectrum Brands Holdings, said, "Through this transaction, we are making progress towards repositioning ourselves with an increased focus on our remaining businesses of Hardware & Home Improvement, Global Auto Care and Pet, Home & Garden". The current P/E ration is 24.97 and forward P/E of 18.02 indicates where the company may be headed. 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. The company has a 50-day moving average of $120.99 and a 200 day moving average of $126.89. Spectrum Brands Holdings had a net margin of 6.74% and a return on equity of 17.80%. (NYSE:SPB) has risen 10.42% since January 16, 2017 and is uptrending. It has underperformed by 6.28% the S&P500. The insider now holds 46,915 shares of Spectrum Brands Holdings, Inc. (NYSE:SPB). Tci Wealth Advsr has 25 shares for 0% of their portfolio. They expect $1.29 earnings per share, up 6.61% or $0.08 from last year's $1.21 per share.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 17th. Ci Invests reported 0% in Spectrum Brands Holdings, Inc.

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It is flat, as 52 investors sold INTC shares while 663 reduced holdings. only 127 funds opened positions while 608 raised stakes. Moreno Evelyn V increased its stake in Intel Corp (INTC) by 5.23% based on its latest 2017Q3 regulatory filing with the SEC.

The top 5 institutional holders, in ascending order, are as follows: TOURBILLON CAPITAL PARTNERS, L.P. with 2.46 million shares, FMR LLC with 2.02 million shares, VANGUARD GROUP INC with 1.99 million shares, JPMORGAN CHASE & CO with 1.76 million shares, and BLACKROCK INC. with 1.19 million shares.

Institutional investors have recently bought and sold shares of the stock. The Massachusetts-based Howland Capital Management Llc has invested 0.11% in the stock. Voya Investment Management Ltd Liability, Georgia-based fund reported 9,313 shares.

Ratings analysis reveals 93% of Spectrum Brands's analysts are positive. KeyCorp set a $130.00 price target on Spectrum Brands and gave the company a buy rating in a research note on Monday, October 16th. The stock is trading for about -16.61% less than its 52-week high. Monness Crespi has "Buy" rating and $125 target.

Other analysts have also issued reports about the company.

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). RBC Capital Markets maintained Spectrum Brands Holdings, Inc. In the past 3-month period alone, shares of SPB have appreciated +15.00 - or +13.61%. The firm earned "Buy" rating on Friday, January 8 by Stifel Nicolaus. The stock has "Buy" rating by Oppenheimer on Wednesday, June 21. (NYSE:SPB) on Friday, July 28 with "Outperform" rating. The rating was downgraded by Bank of America on Tuesday, January 10 to "Neutral". RBC Capital Markets maintained the shares of SPB in report on Friday, May 26 with "Buy" rating. As per Tuesday, October 10, the company rating was maintained by Jefferies. Marshall Wace Limited Liability Partnership has 0.16% invested in Spectrum Brands Holdings, Inc.

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