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

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $7.83.

Several research firms have recently weighed in on NWL. Barclays boosted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Truist Financial reduced their price target on Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded Newell Brands from a “sell” rating to a “hold” rating in a report on Sunday, May 4th. JPMorgan Chase & Co. upgraded Newell Brands from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $6.00 to $7.00 in a report on Friday, June 13th. Finally, Canaccord Genuity Group reduced their price target on Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

Institutional Trading of Newell Brands

Institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new position in Newell Brands in the second quarter valued at approximately $55,000. Janney Montgomery Scott LLC lifted its stake in Newell Brands by 4.5% in the second quarter. Janney Montgomery Scott LLC now owns 74,943 shares of the company’s stock valued at $405,000 after buying an additional 3,204 shares during the period. State of Alaska Department of Revenue lifted its stake in Newell Brands by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 248,383 shares of the company’s stock valued at $1,341,000 after buying an additional 17,522 shares during the period. Sightline Wealth Advisors LLC raised its position in shares of Newell Brands by 33.2% during the second quarter. Sightline Wealth Advisors LLC now owns 78,061 shares of the company’s stock worth $422,000 after purchasing an additional 19,441 shares during the period. Finally, QSM Asset Management Ltd lifted its holdings in shares of Newell Brands by 36.5% in the 2nd quarter. QSM Asset Management Ltd now owns 1,472,105 shares of the company’s stock worth $7,927,000 after purchasing an additional 393,655 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Down 0.7%

NWL stock opened at $5.60 on Monday. The company has a market cap of $2.34 billion, a PE ratio of -9.49 and a beta of 0.96. The business has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $6.52. Newell Brands has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last released its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.00%. The ex-dividend date was Friday, May 30th. Newell Brands’s payout ratio is presently -47.46%.

Newell Brands Company Profile

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.