Newell Brands Inc. (NASDAQ:NWL) Given Consensus Rating of “Hold” by Analysts

Newell Brands Inc. (NASDAQ:NWL) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.9444.

Several equities analysts have recently issued reports on NWL shares. JPMorgan Chase & Co. reduced their target price on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. UBS Group upped their price objective on Newell Brands from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Newell Brands in a research note on Monday, December 29th. Royal Bank Of Canada cut their price target on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Finally, Canaccord Genuity Group increased their price target on shares of Newell Brands from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, January 26th.

Institutional Investors Weigh In On Newell Brands

Hedge funds have recently modified their holdings of the stock. Cooper Creek Partners Management LLC raised its stake in shares of Newell Brands by 48.8% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after purchasing an additional 8,526,698 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,765,031 shares of the company’s stock worth $108,809,000 after purchasing an additional 172,854 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Newell Brands by 0.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock valued at $69,946,000 after buying an additional 131,796 shares in the last quarter. Primecap Management Co. CA grew its holdings in Newell Brands by 3.3% during the 2nd quarter. Primecap Management Co. CA now owns 14,972,100 shares of the company’s stock valued at $80,849,000 after buying an additional 474,070 shares in the last quarter. Finally, State Street Corp increased its position in shares of Newell Brands by 3.4% during the second quarter. State Street Corp now owns 14,568,603 shares of the company’s stock valued at $78,670,000 after buying an additional 474,995 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 1.3%

NWL opened at $4.52 on Friday. Newell Brands has a fifty-two week low of $3.07 and a fifty-two week high of $10.01. The firm has a market capitalization of $1.89 billion, a P/E ratio of -75.32 and a beta of 0.93. The company’s 50-day moving average is $3.98 and its 200 day moving average is $4.65. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, November 28th. Newell Brands’s dividend payout ratio is currently -466.67%.

About Newell Brands

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.