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

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

Several equities analysts recently issued reports on NWL shares. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Morgan Stanley dropped their target price on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Citigroup dropped their target price on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Finally, Royal Bank of Canada dropped their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th.

Institutional Trading of Newell Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Philadelphia Trust Co. grew its stake in Newell Brands by 0.8% during the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock worth $1,592,000 after buying an additional 1,500 shares during the last quarter. Arizona State Retirement System grew its stake in Newell Brands by 1.4% during the third quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock worth $1,011,000 after buying an additional 1,508 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in Newell Brands by 6.7% during the third quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock worth $224,000 after buying an additional 1,547 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Newell Brands by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its stake in shares of Newell Brands by 15.5% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock valued at $101,000 after purchasing an additional 1,564 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Up 12.2 %

Shares of NWL stock opened at $7.79 on Friday. The stock’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $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. The firm has a market capitalization of $3.23 billion, a PE ratio of -8.20, a P/E/G ratio of 1.39 and a beta of 0.95. 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 issued its earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities analysts expect that Newell Brands will post 0.56 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

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.