Newell Brands Inc. (NASDAQ:NWL – Get Free Report) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.62.
A number of brokerages recently issued reports on NWL. Barclays increased their price objective on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen cut Newell Brands from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada raised their price target on shares of Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $5.75 price objective on shares of Newell Brands in a research report on Thursday, August 6th.
Check Out Our Latest Research Report on NWL
Institutional Trading of Newell Brands
Large investors have recently modified their holdings of the business. Ieq Capital LLC grew its position in shares of Newell Brands by 113.6% in the 3rd quarter. Ieq Capital LLC now owns 518,203 shares of the company’s stock worth $2,736,000 after buying an additional 275,643 shares during the last quarter. Focus Advisor Solutions LLC boosted its holdings in Newell Brands by 85.0% in the third quarter. Focus Advisor Solutions LLC now owns 103,554 shares of the company’s stock valued at $547,000 after acquiring an additional 47,565 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Newell Brands by 41.6% in the third quarter. Voya Investment Management LLC now owns 116,006 shares of the company’s stock valued at $613,000 after acquiring an additional 34,091 shares in the last quarter. Public Sector Pension Investment Board increased its position in Newell Brands by 93.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,825,301 shares of the company’s stock valued at $15,892,000 after purchasing an additional 1,365,567 shares during the period. Finally, HighTower Advisors LLC increased its position in Newell Brands by 26.2% during the 3rd quarter. HighTower Advisors LLC now owns 86,523 shares of the company’s stock valued at $457,000 after purchasing an additional 17,983 shares during the period. 92.50% of the stock is owned by institutional investors.
Newell Brands Stock Performance
NASDAQ NWL opened at $5.93 on Friday. The firm has a market cap of $2.53 billion, a P/E ratio of -7.70, a price-to-earnings-growth ratio of 0.82 and a beta of 0.88. The company’s 50 day moving average is $5.63 and its 200-day moving average is $4.89. Newell Brands has a 12-month low of $3.20 and a 12-month high of $7.13. The company has a quick ratio of 0.67, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS. Sell-side analysts predict that Newell Brands will post 0.76 earnings per share for the current year.
Newell Brands Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, November 30th. Newell Brands’s dividend payout ratio is currently -36.36%.
About Newell Brands
Newell Brands Inc. is a global consumer goods company that develops and sells products for homes, workplaces and outdoor activities. Its portfolio includes household and food-storage products, writing instruments, baby gear, outdoor equipment, appliances, and home-fragrance products. Its brands include Rubbermaid, Sharpie, Paper Mate, Graco, Coleman, Yankee Candle, Mr. Coffee and Crock-Pot. The company serves consumers and businesses through retailers, e-commerce platforms and other distribution channels in markets around the world.
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