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Oppenheimer Stick to Their Buy Rating for Spectrum Brands Holdings

Jun 16, 2021 02:35PM ET
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Oppenheimer analyst Ian Zaffino reiterated a Buy rating on Spectrum Brands Holdings (NYSE:SPB) on Wednesday, setting a price target of $110, which is approximately 29.17% above the present share price of $85.16.

Zaffino expects Spectrum Brands Holdings to post earnings per share (EPS) of $0.86 for the second quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Spectrum Brands Holdings, with an average price target of $110.2.
The analysts price targets range from a high of $115 to a low of $105.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.15 billion and a net profit of $129.3 million. The company's market cap is $3.63 billion.

According to TipRanks.com, Oppenheimer analyst Ian Zaffino is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 54.33% success rate.

Spectrum Brands Holdings, Inc. engages in the manufacture and supply of residential locksets, residential builders hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents. It operates through the following segments: Hardware and Home Improvement (HHI); Home and Personal Care (HPC); Global Pet Care (GPC); Home and Garden (H&G). The HHI segment consists of hardware, security and plumbing business. The GPC segment focuses on the pet care business. The H&G segment involves the home and garden and insect control business. The HPC segment includes the small kitchen and personal care appliances business. The company was founded in 1906 and is headquartered in Middleton, WI.

Oppenheimer Stick to Their Buy Rating for Spectrum Brands Holdings
 

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