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

Shares of Newell Brands Inc. (NASDAQ:NWL) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.82.

NWL has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial raised their price target on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $7.60 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of -10.56, a P/E/G ratio of 1.24 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $7.04 and a two-hundred day moving average price of $7.35. Newell Brands has a twelve month low of $5.39 and a twelve month high of $10.25.

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

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders 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 annualized dividend and a yield of 3.68%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NWL. Rothschild Investment LLC purchased a new position in shares of Newell Brands in the 2nd quarter valued at approximately $26,000. Quarry LP lifted its position in Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after buying an additional 2,437 shares during the period. Quest Partners LLC purchased a new position in Newell Brands during the fourth quarter valued at $45,000. NBC Securities Inc. boosted its holdings in shares of Newell Brands by 50.5% during the 1st 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. Finally, Gradient Investments LLC purchased a new stake in shares of Newell Brands in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors 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.