Newell Brands (NASDAQ:NWL) Given New $5.00 Price Target at JPMorgan Chase & Co.

Newell Brands (NASDAQ:NWL) had its target price cut by JPMorgan Chase & Co. from $6.00 to $5.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also commented on the stock. Canaccord Genuity Group cut their price objective on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday. Citigroup cut their price objective on shares of Newell Brands from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research report on Wednesday, October 8th. UBS Group upped their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada cut their price objective on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a research report on Monday. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $5.86.

Newell Brands Stock Down 5.3%

Newell Brands stock opened at $3.22 on Monday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -53.66 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57. Newell Brands has a fifty-two week low of $3.09 and a fifty-two week high of $11.78. The firm has a fifty day moving average price of $5.34 and a two-hundred day moving average price of $5.42.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. As a group, analysts forecast that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s dividend payout ratio is currently -466.67%.

Institutional Trading of Newell Brands

Several large investors have recently added to or reduced their stakes in NWL. Cooper Creek Partners Management LLC grew its stake in Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after buying an additional 8,526,698 shares during the last quarter. AQR Capital Management LLC grew its stake in Newell Brands by 401.2% during the first quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock worth $65,382,000 after buying an additional 8,475,385 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock worth $129,249,000 after buying an additional 4,273,541 shares during the last quarter. Norges Bank bought a new stake in Newell Brands during the second quarter worth about $20,196,000. Finally, Deprince Race & Zollo Inc. grew its stake in Newell Brands by 23.5% during the third quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock worth $97,835,000 after buying an additional 3,549,220 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

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.