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

Newell Brands Inc. (NASDAQ:NWL) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.82.

A number of brokerages have issued reports on NWL. Canaccord Genuity Group lifted their target price on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd.

Newell Brands Trading Up 2.1 %

Shares of NASDAQ:NWL opened at $7.63 on Tuesday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -10.60, a PEG ratio of 1.26 and a beta of 0.91. Newell Brands has a 1-year low of $5.39 and a 1-year high of $9.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. The company has a 50 day moving average price of $7.41 and a 200 day moving average price of $7.33.

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

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.67%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Newell Brands during the 2nd quarter worth $26,000. Quarry LP lifted its position in Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock worth $41,000 after acquiring an additional 2,437 shares during the last quarter. NBC Securities Inc. lifted its position in Newell Brands by 50.5% during the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after acquiring an additional 1,780 shares during the last quarter. Quest Partners LLC acquired a new position in Newell Brands during the 4th quarter worth $45,000. Finally, Gradient Investments LLC acquired a new position in Newell Brands during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

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.