Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $141.75 on Spectrum Brands Holdings, Inc. (NYSE:SPB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.17 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Spectrum Brands Holdings, Inc. (NYSE:SPB) stands at 27.08.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Spectrum Brands Holdings, Inc. , the PEG ratio for coming 3-5 years is 2.64.
The technical analysis highlights that Spectrum Brands Holdings, Inc. current is trading $12.89 points away or +10.71% from its 50-day moving average of $120.41. Further it is trading $22.59 or +20.40% away its 200-day moving average of $110.71.
The 52-week high of Spectrum Brands Holdings, Inc. (NYSE:SPB) was $133.47 while lowest point recorded in 52-week was $87.65. It implies if stock price makes a movement of over $-0.17, it will record a new 52-week high. In the case of +52.08% drop, it will touch a new 52-week low.
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