Stock Rating Downgrade
In recent days the Value Trend Rating for Spectrum Brands Holdings Inc (NYSE: SPB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Spectrum Brands Holdings Inc (NYSE: SPB) stock rose slightly by 0.01% on 5/1/24. The stock closed at $81.88. However, unusually low trading volume at 64% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SPB is expected to continue to be a modest Value Builder.
Spectrum Brands Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Spectrum Brands Holdings has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 49, and the High Neutral Value Trend Rating results.
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