Newell Brands Inc. (NYSE:NWL) has earned an average rating of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.36.
A number of brokerages have issued reports on NWL. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, July 12th. Forward View reiterated a “buy” rating and issued a $58.00 price target on shares of Newell Brands in a research note on Monday. Jefferies Group LLC lowered Newell Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $63.00 to $49.00 in a research note on Monday. BidaskClub lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price target on shares of Newell Brands in a research note on Tuesday, August 29th.
Several institutional investors have recently modified their holdings of NWL. Harfst & Associates Inc. purchased a new position in shares of Newell Brands during the first quarter valued at about $103,000. BDO Wealth Advisors LLC purchased a new position in shares of Newell Brands during the second quarter valued at about $107,000. Israel Discount Bank of New York purchased a new position in shares of Newell Brands during the first quarter valued at about $112,000. Parallel Advisors LLC grew its position in shares of Newell Brands by 23.0% during the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after purchasing an additional 544 shares in the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in shares of Newell Brands during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Newell Brands (NWL) traded down 0.05% during mid-day trading on Wednesday, reaching $44.02. The company had a trading volume of 7,286,678 shares. Newell Brands has a 12-month low of $42.88 and a 12-month high of $55.08. The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of 17.58 and a beta of 1.19. The stock has a 50-day moving average of $49.84 and a 200 day moving average of $50.34.
Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the firm earned $0.78 EPS. Newell Brands’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Newell Brands will post $3.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.09%. Newell Brands’s payout ratio is 36.95%.
About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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