Street Calls of the Week
Spectrum Brands Holdings Inc . (NYSE:SPB) stock has touched a 52-week low, dipping to $75.64, signaling a period of bearish momentum for the consumer products company. According to InvestingPro data, the stock’s technical indicators suggest oversold conditions, with shares down about 12.5% over the past six months. This latest price level reflects a notable decline in investor confidence as the company grapples with market challenges. Over the past year, Spectrum Brands has seen its stock value decrease by 13.61%, underscoring the difficulties it has faced in a competitive landscape. Despite the price decline, the company maintains solid fundamentals with a healthy current ratio of 2.4 and operates with moderate debt levels. Investors are closely monitoring the company’s performance for signs of a turnaround that could potentially reverse the downward trend. For deeper insights and additional analysis, including 8 key ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, Spectrum Brands has been the subject of various analyst reports. Canaccord Genuity upgraded Spectrum Brands from Hold to Buy and increased the price target from $94.00 to $102.00, following the company’s first-quarter 2025 performance which showcased significant earnings beats and reaffirmed guidance. On the other hand, Oppenheimer analysts reduced their price target from $115.00 to $105.00, despite maintaining an Outperform rating. Spectrum Brands reported first quarter fiscal year 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA) of $78 million, surpassing both Oppenheimer’s and the Street’s estimates.
RBC Capital Markets sustained its positive stance on Spectrum Brands, maintaining an Outperform rating with a steady price target of $114.00. The firm predicts the company can achieve low single-digit organic growth, comparing favorably to a 4.6% decline in the same quarter of the previous year. Spectrum Brands also received a revised price target from Canaccord Genuity, increasing from $91.00 to $94.00, while the firm maintained a Hold rating on the stock.
These recent developments follow Spectrum Brands’ robust fiscal 2024, which included a 20% increase in adjusted EBITDA and a 12% dividend increase. The company projects low single-digit net sales growth for fiscal 2025 across all business units, with an emphasis on brand building and innovation. Despite various challenges, the company maintains a strong balance sheet and improved operational flexibility, indicating a positive outlook for the future.
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