Alert: Rating Upgrade (12/1/23)-Spectrum Brands Holdings Inc (NYSE: SPB).


Stock Rating Upgrade

The Value Trend Rating for Spectrum Brands Holdings Inc (NYSE: SPB) rose significantly of late from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.


Recent Price Action

Spectrum Brands Holdings Inc (NYSE: SPB) stock closed at $71.15 on 12/1/23 after a large increase of 2.6%. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has risen 8.4% during the last week and has been exceptionally strong relative to the market over the last nine months.

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 a modest Value Builder.

Spectrum Brands Holdings has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spectrum Brands Holdings has a good Appreciation Score of 74 and a very high Power Rating of 88, resulting in the Highest Value Trend Rating.

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