Spectrum Brands Holdings

SPB · NYSE

$79.56+$2.76 (+3.59%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $76.80

SPB analyst rating

BuyConsensus of 5 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy3
Hold2
Underperform0
Sell0

12-month price target · 8 analysts

Average $101.71 (+27.8% upside)

Low: $90.90
Now: $79.56
High: $115.50

Upgrades and downgrades

The latest rating actions, newest first

SPB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 15, 2026	Initiates	Buy	$78.00 → $97.00	62%
Wells Fargo	Oct 5, 2026	Maintains	Equal-Weight	$90.00 → $85.00	57%
Oppenheimer	Aug 10, 2026	Maintains	Outperform	$85.00 → $100.00	52%
Wells Fargo	Aug 10, 2026	Maintains	Equal-Weight	$85.00 → $90.00	57%
RBC Capital	Aug 10, 2026	Downgrade	Outperform → Sector Perform	$85.00 → $92.00	45%
Canaccord Genuity	Aug 10, 2026	Maintains	Buy	$99.00 → $110.00	49%
Wells Fargo	Jul 8, 2026	Maintains	Equal-Weight	$80.00 → $85.00	57%
Canaccord Genuity	Jun 17, 2026	Maintains	Buy	$100.00 → $99.00	49%
Canaccord Genuity	May 8, 2026	Maintains	Buy	$94.00 → $100.00	49%
RBC Capital	Feb 6, 2026	Maintains	Outperform	$75.00 → $85.00	45%

The case for and against

Updated Oct 14, 2026

Bull case

Spectrum Brands Holdings is viewed positively because the cited operating backdrop shows strong, diversified cash generation from the propane business, which has about a 38% share in Canada and roughly 4% in the U.S., alongside a Certarus platform with about 40% North American share in on-road low-carbon energy solutions. The excerpts also point to improving earnings quality, including Q2/26 Certarus volumes up 17% year-over-year to 8,404,000 MMBtu and Adjusted EBITDA up 23% to US$34 million, while Superior Delivers is expected to add about US$50 million of incremental EBITDA in 2026 and at least US$75 million in 2028. Further support comes from the new Mobile CNG Fleet Fueling business, which is immediately EBITDA and cash flow accretive, requires minimal incremental capex, and expands a profitable growth runway across trucking, datacenters, and industrial customers.

Bear case

Spectrum Brands Holdings is facing a fundamentally challenged outlook because the provided evidence points to weak earnings conversion, with H1/26 Adjusted EBITDA about 4% lower year over year and only modest Q2/26 upside that was seasonally limited. Management’s 2026 growth target appears difficult to achieve without a much stronger second half, while a warm 2026/27 winter, customer attrition, and slower propane execution could pressure the propane segment, which drives more than 95% of its EBITDA in Q4/Q1. At the same time, capital needs remain heavy, including about US$230 million of growth capex in 2026 and the planned redemption of US$260 million of preferred shares in mid-2027, leaving limited excess cash flow and keeping leverage elevated.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.