RBC Capital Keeps Their Buy Rating on Spectrum Brands Holdings (SPB)
RBC Capital analyst Nik Modi maintained a Buy rating on Spectrum Brands Holdings (SPB – Research Report) on June 6 and set a price target of $80.00. The company's shares closed yesterday at $56.12.
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According to TipRanks, Modi is a 3-star analyst with an average return of 1.7% and a 53.19% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Procter & Gamble, Clorox, and Coca-Cola.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spectrum Brands Holdings with a $89.50 average price target.
Based on Spectrum Brands Holdings' latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $675.7 million and a net profit of $900 thousand. In comparison, last year the company earned a revenue of $718.5 million and had a net profit of $61.1 million
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