Newell Brands (NASDAQ:NWL) Given New $4.75 Price Target at Citigroup

Newell Brands (NASDAQ:NWL) had its price objective lowered by Citigroup from $7.75 to $4.75 in a research report sent to investors on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities analysts also recently weighed in on NWL. UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Barclays increased their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Royal Bank of Canada lowered their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. Wells Fargo & Company cut their price target on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Canaccord Genuity Group cut their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.81.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $4.99 on Monday. The firm has a market capitalization of $2.08 billion, a PE ratio of -9.60, a PEG ratio of 0.95 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands has a 1-year low of $4.22 and a 1-year high of $11.78. The business’s 50 day moving average is $6.36 and its 200-day moving average is $8.30.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the previous year, the business posted $0.22 earnings per share. Sell-side analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.61%. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently bought and sold shares of the company. PFG Investments LLC increased its position in shares of Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after purchasing an additional 981 shares during the period. TriaGen Wealth Management LLC increased its holdings in Newell Brands by 1.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after buying an additional 991 shares during the period. Arizona State Retirement System lifted its holdings in shares of Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock worth $1,202,000 after acquiring an additional 1,125 shares during the period. Optas LLC lifted its holdings in shares of Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock worth $123,000 after acquiring an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC raised its position in Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

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.