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

Newell Brands Inc. (NASDAQ:NWL) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.82.

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised their price target on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th.

Newell Brands Stock Performance

Shares of NASDAQ:NWL opened at $7.22 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The business’s fifty day moving average price is $6.99 and its two-hundred day moving average price is $7.35. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $10.69. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -10.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. As a group, analysts predict that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.07 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.88%. Newell Brands’s dividend payout ratio is presently -38.89%.

Institutional Trading of Newell Brands

A number of hedge funds have recently modified their holdings of the company. Philadelphia Trust Co. grew its stake in Newell Brands by 0.8% in the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock valued at $1,592,000 after acquiring an additional 1,500 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in shares of Newell Brands by 15.5% in the 4th 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 period. Treasurer of the State of North Carolina increased its stake in Newell Brands by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,650 shares in the last quarter. Triumph Capital Management raised its holdings in Newell Brands by 7.4% during the 4th quarter. Triumph Capital Management now owns 25,480 shares of the company’s stock worth $221,000 after buying an additional 1,760 shares during the period. Finally, NBC Securities Inc. lifted its stake in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after buying an additional 1,780 shares in the last quarter. 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.