Spectrum Brands Holdings Gets a Buy Rating from Oppenheimer

By Austin Angelo

In a report released today, Ian Zaffino from Oppenheimer reiterated a Buy rating on Spectrum Brands Holdings (NYSE: SPB). The company’s shares opened today at $129.52.

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 4.0% and a 57.2% success rate. Zaffino covers the Services sector, focusing on stocks such as Houghton Mifflin, Versum Materials, and Brink’s Company.

Currently, the analyst consensus on Spectrum Brands Holdings is Strong Buy and the average price target is $161.75, representing a 24.9% upside.

In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $165 price target.

Spectrum Brands Holdings’ market cap is currently $7.64B and has a P/E ratio of 24.52. The company has a book value ratio of 4.2635.

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Spectrum Brand Holdings, Inc. engages in the manufacture, market, and distribution of consumer products. The company operates through the following segments: Global Batteries and Appliances (GBA); Global Pet Supplies (PET); Home and Garden (H&G); and Hardware and Home Improvement (HHI); and Global Auto Care (GAC). The GBA segment includes consumer batteries; electric shaving and grooming; electric personal care; and small appliances primarily in the kitchen and home product categories. The PET segment comprises dog, cat, and small animal food and treats; and aquariums and aquatic health supplies. The H&G segment involves in home and garden and insect control business. The HHI segment offers residential locksets and builders hardware, and as plumbing products. The GBA sells products to big box auto, auto specialty retail, mass retailers, food and drug retailers, and convenience retailers. The company was founded on February 5, 2010 and is headquartered in Madison, WI.