Newell Brands (NASDAQ:NWL) PT Raised to $8.00

Newell Brands (NASDAQ:NWL) had its target price increased by Citigroup from $7.50 to $8.00 in a report published on Monday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a buy rating in a research report on Monday. Royal Bank of Canada dropped their price target on Newell Brands from $9.00 to $7.50 and set a sector perform rating for the company in a research report on Monday, February 12th. UBS Group downgraded Newell Brands from a buy rating to a neutral rating and reduced their price objective for the stock 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 for the company in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $7.00 to $9.00 and gave the company a neutral rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Newell Brands has an average rating of Hold and a consensus target price of $8.52.

Newell Brands Trading Up 3.3 %

Shares of Newell Brands stock opened at $8.05 on Monday. The business has a 50 day simple moving average of $7.49 and a two-hundred day simple moving average of $7.75. Newell Brands has a 12 month low of $6.49 and a 12 month high of $12.02. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. As a group, equities research analysts anticipate that Newell Brands will post 0.56 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Hedge Funds Weigh In On Newell Brands

Several large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. acquired a new position in Newell Brands during the 1st quarter worth about $281,000. Verity & Verity LLC acquired a new stake in shares of Newell Brands during the first quarter worth about $233,000. Bell Bank lifted its position in shares of Newell Brands by 14.0% during the first quarter. Bell Bank now owns 683,807 shares of the company’s stock worth $5,491,000 after purchasing an additional 84,004 shares in the last quarter. New Mexico Educational Retirement Board purchased a new position in shares of Newell Brands in the first quarter valued at approximately $177,000. Finally, Accurate Wealth Management LLC acquired a new position in shares of Newell Brands in the first quarter valued at approximately $88,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.