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Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 Billion

20 January 2018

(NYSE:SPB) for 4,311 shares. Jefferies maintained ADTRAN, Inc. They set an "outperform" rating and a $147.00 price objective for the company.

1/3/2018 - Spectrum Brands had its "buy" rating reaffirmed by analysts at Rowe. The stock of ADTRAN, Inc. (NASDAQ:EDIT) advice adding it to buy candidate list. "While we have a long and proud heritage in the battery business, this is a key part of our reallocation of capital strategy towards a faster-growing and higher-margin Spectrum Brands".

Spectrum Brands said earlier this month that it would seek a buyer for the assets so that it could better focus on other businesses including hardware and home improvement, global auto care and global pet supplies.

Lastly, comparing the current price of 125.23 to the target price of 139, this means that the stock may or may not have some room to run. The daily trading volume has averaged 1.2 million shares a day in past 3 months. Toronto Dominion Bank boosted its position in Spectrum Brands by 244.3% during the third quarter. (NYSE:SPB) on weakness during trading on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. The insider Heering Kevin P. sold 9,809 shares worth $211,825. (NYSE:SPB) for 1.99M shares.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.18, from 0.98 in 2017Q2.

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Institutional investors have recently bought and sold shares of the business. Moreover, Bogle Investment Management L P De has 0.27% invested in the company for 858,782 shares. Great West Life Assurance Co. The firm owned 10,996 shares of the company's stock after selling 1,040 shares during the period. Bnp Paribas Arbitrage Sa accumulated 0% or 507 shares. Spectrum Brands is actively marketing its Appliances business. They expect $-0.43 EPS, down 34.38% or $0.11 from last year's $-0.32 per share. The Massachusetts-based Howland Capital Management Llc has invested 0.11% in the stock. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 600 shares or 0.01% of all its holdings. Citadel Advsr Lc has 0% invested in ADTRAN, Inc.

ADTRAN, Inc. provides networking and communications equipment worldwide. The company has market cap of $150.58 million. It has a 22.16 P/E ratio. (NYSE:SPB) has risen 10.42% since January 17, 2017 and is uptrending. 37 funds opened positions while 68 raised stakes. Schroder Invest Management reported 875,847 shares. Winfield Associate stated it has 5 shares or 0% of all its holdings. Mitsubishi Ufj And reported 100,640 shares. KeyBanc Capital Markets maintained Spectrum Brands Holdings, Inc. Logan Cap Mngmt Inc holds 0.56% or 74,443 shares in its portfolio. Amalgamated Bank holds 4,567 shares or 0.02% of its portfolio. Oppenheimer & Com Incorporated owns 11,772 shares for 0.03% of their portfolio. Swiss National Bank lifted its position in shares of Spectrum Brands by 1.6% during the 2nd quarter. In the past 3-month period alone, shares of SPB have appreciated +15.00 - or +13.61%. Walleye Trading holds 0.02% of its portfolio in Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. Citigroup Incorporated holds 0% or 54,529 shares. 158,315 are owned by Channing Capital Lc. Spectrum Brands's payout ratio is 33.33%. The firm offers batteries; battery-powered portable lighting products; small kitchen and home appliances; personal care products; hinges; security, garage door, and window hardware products; floor protection products; residential lockset and door hardware products; commercial door, lock, and hardware products; and plumbing products.

The deal will add heft to Energizer's battery unit and give it more pricing power, while also expanding its global business. SPB was included in 42 notes of analysts from August 6, 2015. (NYSE:SPB) has "Overweight" rating given on Thursday, September 1 by Piperjaffray. (NYSE:SPB) on Friday, July 28 with "Outperform" rating. More interesting news about Spectrum Brands Holdings, Inc. The firm earned "Buy" rating on Monday, June 12 by Jefferies. The rating was upgraded by Gabelli on Friday, November 17 to "Buy". The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, October 3. (NYSE:SPB). Dekabank Deutsche Girozentrale owns 0% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) rating on Thursday, October 19.

Ratings analysis reveals 93% of Spectrum Brands's analysts are positive. KeyBanc Capital Markets has "Buy" rating and $140.0 target.

Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 Billion