Reaffirmed: Spectrum Brands Holdings (NYSE:SPB) “Outperform” Rating Maintained by Analysts at BMO Capital; $125 Target in Place

February 15, 2018 - By Henry Gaston

 Reaffirmed: Spectrum Brands Holdings (NYSE:SPB)

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.18, from 0.98 in 2017Q2. It turned 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.

Massachusetts-based Panagora Asset Management Inc has invested 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Jefferies Gp Lc owns 7,965 shares. Legal & General Group Inc Public Limited Com reported 26,321 shares or 0% of all its holdings. Nordea Invest Management invested in 0% or 909 shares. Qs Invsts Limited Liability reported 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). State Board Of Administration Of Florida Retirement holds 0.01% or 44,026 shares. Ci Invests has invested 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). Amer Comml Bank stated it has 0.53% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Hutchin Hill L P owns 131,400 shares. Wesbanco Commercial Bank Incorporated invested in 0.09% or 16,431 shares. Public Employees Retirement Association Of Colorado reported 759 shares. Alliancebernstein Lp holds 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 14,960 shares. 51,306 are owned by Invesco Ltd. Virginia Retirement Systems Et Al has invested 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Marshall Wace Llp has 31,572 shares.

Spectrum Brands Holdings (NYSE:SPB) Rating Reaffirmed

BMO Capital now has a $125 target price on shares of Spectrum Brands Holdings (NYSE:SPB). The target price indicates a potential upside of 22.08 % from the current stock price of Spectrum Brands Holdings (NYSE:SPB). This rating was shown in an analyst note on Wednesday, 14 February.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.18, from 0.98 in 2017Q2. It turned 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.

Massachusetts-based Panagora Asset Management Inc has invested 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Jefferies Gp Lc owns 7,965 shares. Legal & General Group Inc Public Limited Com reported 26,321 shares or 0% of all its holdings. Nordea Invest Management invested in 0% or 909 shares. Qs Invsts Limited Liability reported 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). State Board Of Administration Of Florida Retirement holds 0.01% or 44,026 shares. Ci Invests has invested 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). Amer Comml Bank stated it has 0.53% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Hutchin Hill L P owns 131,400 shares. Wesbanco Commercial Bank Incorporated invested in 0.09% or 16,431 shares. Public Employees Retirement Association Of Colorado reported 759 shares. Alliancebernstein Lp holds 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 14,960 shares. 51,306 are owned by Invesco Ltd. Virginia Retirement Systems Et Al has invested 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Marshall Wace Llp has 31,572 shares.

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 stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Outperform” rating given on Friday, July 28 by BMO Capital Markets. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) earned “Buy” rating by BMO Capital Markets on Tuesday, February 13. The firm earned “Overweight” rating on Thursday, September 1 by PiperJaffray. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Thursday, January 25 by Jefferies. Jefferies maintained the shares of SPB in report on Thursday, October 13 with “Buy” rating. The stock has “Buy” rating by Jefferies on Wednesday, April 19. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, November 15. On Friday, September 8 the stock rating was maintained by RBC Capital Markets with “Buy”. Monness Crespi maintained the shares of SPB in report on Friday, April 29 with “Buy” rating. The stock has “Buy” rating by Sterne Agee CRT on Thursday, August 6.

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

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