Spectrum Brands Holdings Inc. [SPB] stock is trading at $82.74, up 2.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPB shares have lost -3.08% over the last week, with a monthly amount drifted -1.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Spectrum Brands Holdings Inc. [NYSE: SPB] stock has seen the most recent analyst activity on May 10, 2024, when Monness Crespi & Hardt reiterated its Buy rating and also boosted its price target to $106 from $98. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on February 09, 2024, and elevated its price target to $98. On February 09, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $86 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $73 on November 20, 2023. In a note dated March 30, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $82 on this stock.
Spectrum Brands Holdings Inc. [SPB] stock has fluctuated between $65.27 and $96.74 over the past year. Currently, Wall Street analysts expect the stock to reach $94.75 within the next 12 months. Spectrum Brands Holdings Inc. [NYSE: SPB] shares were valued at $82.74 at the most recent close of the market. An investor can expect a potential return of 14.52% based on the average SPB price forecast.
Analyzing the SPB fundamentals
Spectrum Brands Holdings Inc. [NYSE:SPB] reported sales of 2.89B for the trailing twelve months, which represents a drop of -1.48%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.68%. To continue investigating profitability, this company’s Return on Assets is posted at 0.41, Equity is 0.82 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.64 points at the first support level, and at 80.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.51, and for the 2nd resistance point, it is at 84.29.
Ratios To Look Out For
For context, Spectrum Brands Holdings Inc.’s Current Ratio is 3.73. Also, the Quick Ratio is 3.05, while the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 1.69.
Transactions by insiders
Recent insider trading involved Maura David M, Executive Chairman and CEO, that happened on Nov 28 ’23 when 20000.0 shares were purchased. Executive Chairman and CEO, Maura David M completed a deal on Nov 27 ’23 to buy 20000.0 shares. Meanwhile, EVP, GC & Corporate Secretary Zargar Ehsan bought 1053.0 shares on Nov 27 ’23.
