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

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.13.

A number of brokerages have weighed in on NWL. Morgan Stanley cut their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Raymond James downgraded shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.50 in a report on Friday, February 16th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th.

Institutional Investors Weigh In On Newell Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in Newell Brands by 408.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 237,254 shares of the company’s stock worth $2,142,000 after acquiring an additional 190,606 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Newell Brands in the 3rd quarter worth approximately $25,000. Oak Thistle LLC purchased a new stake in Newell Brands in the 3rd quarter worth approximately $813,000. Handelsbanken Fonder AB increased its holdings in Newell Brands by 37.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock worth $675,000 after acquiring an additional 20,200 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC grew its holdings in Newell Brands by 53.5% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 674,304 shares of the company’s stock valued at $6,089,000 after buying an additional 234,880 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

NWL opened at $7.79 on Friday. The firm has a market cap of $3.23 billion, a P/E ratio of -8.20, a PEG ratio of 1.39 and a beta of 0.95. The firm has a 50-day moving average of $7.49 and a 200 day moving average of $7.73. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. Newell Brands has a fifty-two week low of $6.49 and a fifty-two week high of $12.31.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, research analysts expect that Newell Brands will post 0.56 EPS for the current year.

Newell Brands Announces Dividend

The business 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. This represents a $0.28 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

About Newell Brands

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.