In a report issued on February 7, Joe Lachky from Wells Fargo reiterated a Hold rating on Spectrum Brands Holdings (SPB). The company’s shares closed on Friday at $46.91, close to its 52-week low of $40.54.
Lachky said:
“We are concerned that some of the transitory issues that have negatively impacted recent results (incl. supply chain disruptions, freight/commodity inflation, pet recall effects and seasonal demand distortions) are becoming part of SPB’s normal operating cadence. SPB will need to demonstrate more consistency before we can be more constructive. DISCLOSURE APPENDIX Request I certify that: 1) All views expressed in this research report accurately reflect my personal views about any and all of the subject securities or issuers discussed; and 2) No part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by me in this research report.”
Spectrum Brands Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $62.80, representing a 33.9% upside. In a report issued on February 7, Oppenheimer also maintained a Hold rating on the stock.
See today’s analyst top recommended stocks >>
The company has a one-year high of $92.72 and a one-year low of $40.54. Currently, Spectrum Brands Holdings has an average volume of 716.4K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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. manufactures and supplies consumer batteries, residential locksets, residential builders hardware, plumbing, shaving & grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, personal insect repellents, and auto care products.
