In a report released today, Olivia Tong from Merrill Lynch maintained a Hold rating on Spectrum Brands Holdings (NYSE: SPB), with a price target of $84. The company’s shares opened today at $73.76, close to its 52-week low of $71.67.
Tong has an average return of 6.8% when recommending Spectrum Brands Holdings.
According to TipRanks.com, Tong is ranked #2916 out of 4884 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spectrum Brands Holdings with a $93.60 average price target.
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Based on Spectrum Brands Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $377 million. In comparison, last year the company had a GAAP net loss of $26.2 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spectrum Brands Holdings, Inc. engages in the manufacture of diversified consumer products. It produces consumer batteries; residential locksets; residential builders’ hardware; plumbing, shaving, and grooming products; personal care products; small household appliances; specialty pet supplies; lawn and garden and home pest control products; personal insect repellents; and auto care products. The firm offers a portfolio of brands including Rayovac, VARTA, Kwikset, Weiser, Baldwin, National Hardware, Pfister, Remington, George Foreman, Black + Decker, Tetra, Marineland, Nature’s Miracle, Dingo, 8-in-1, FURminator, IAMS and Eukanuba, Healthy-Hide, Digest-eeze, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag, Liquid Fence, Armor All, STP, and A/C PRO. The company was founded on July 13, 2018 and is headquartered in Middleton, WI.
