Alert: Negative Investment/Fundamental Signals (11/20/23)-Spectrum Brands Holdings Inc (NYSE: SPB)


Extremely significant negative changes in Spectrum Brands Holdings Inc (NYSE: SPB) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

Marginal negative changes in Spectrum Brands Holdings Inc (NYSE: SPB) fundamentals have recently occurred: significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

SPB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important 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 very contradictory signals. Spectrum Brands Holdings has a poor Appreciation Score of 23 but a very high Power Rating of 92, resulting in the High Neutral Value Trend Rating.

Recent Price Action

Spectrum Brands Holdings Inc (NYSE: SPB) stock suffered a large decline of -2.5% on 11/20/23. The stock closed at $66.14. The stock has declined -14.9% during the last week but has been exceptionally strong relative to the market over the last nine months.

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