Newell Brands Inc. (NASDAQ:NWL) Receives Average Rating of “Hold” from Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWLGet Free Report) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.13.

A number of equities research analysts recently issued reports on NWL shares. Citigroup decreased their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Barclays raised their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Finally, Royal Bank of Canada dropped their target price on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th.

Check Out Our Latest Research Report on NWL

Institutional Investors Weigh In On Newell Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Newell Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock valued at $389,670,000 after acquiring an additional 739,295 shares during the period. Quarry LP grew its stake in shares of Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Newell Brands by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 197,161 shares of the company’s stock valued at $1,712,000 after purchasing an additional 26,634 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Newell Brands by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 159,298 shares of the company’s stock worth $1,383,000 after purchasing an additional 4,352 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in Newell Brands by 163.2% during the fourth quarter. Voloridge Investment Management LLC now owns 2,368,247 shares of the company’s stock valued at $20,556,000 after purchasing an additional 1,468,550 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Price Performance

NASDAQ NWL opened at $7.84 on Tuesday. Newell Brands has a 1-year low of $6.49 and a 1-year high of $12.75. The business’s fifty day moving average price is $7.81 and its 200-day moving average price is $7.91. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -8.25, a PEG ratio of 1.57 and a beta of 0.95.

Newell Brands (NASDAQ:NWLGet Free Report) last released its earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. Newell Brands’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. On average, equities analysts predict that Newell Brands will post 0.57 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 3.57%. Newell Brands’s payout ratio is -29.47%.

About Newell Brands

(Get Free Report

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.

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Analyst Recommendations for Newell Brands (NASDAQ:NWL)

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