Newell Brands Inc. (NASDAQ:NWL) Stock Has Average Price Target of $6.62

Key Points

• Analysts have a consensus “Hold” rating on Newell Brands, with two sell, five hold, and three buy recommendations; the average 12-month price target is $6.62.
• Newell reported quarterly EPS of $0.20, matching expectations, and revenue of $1.87 billion, slightly above estimates and up 3.7% year over year.
• The company announced a quarterly dividend of $0.07 per share, equivalent to $0.28 annually and a stated yield of 5.1%.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has earned a consensus recommendation of "Hold" from the ten brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.62.

Several equities research analysts have recently weighed in on NWL shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of Newell Brands in a research report on Monday, August 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $5.75 price target on shares of Newell Brands in a report on Thursday, August 6th. Wall Street Zen downgraded Newell Brands from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings upgraded shares of Newell Brands from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Monday, November 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Newell Brands from $4.00 to $5.00 and gave the stock a "sector perform" rating in a report on Monday, August 3rd.

Newell Brands Stock Performance

NASDAQ:NWL opened at $5.47 on Friday. The firm has a market capitalization of $2.33 billion, a PE ratio of -7.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. The business's fifty day moving average price is $5.65 and its 200 day moving average price is $4.87. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 0.67. Newell Brands has a 12 month low of $3.08 and a 12 month high of $7.13.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. Newell Brands's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. On average, sell-side analysts anticipate that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.07 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 5.1%. Newell Brands's dividend payout ratio is presently -36.36%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AXQ Capital LP purchased a new position in shares of Newell Brands during the second quarter worth approximately $3,851,000. Bank of America Corp DE acquired a new position in shares of Newell Brands in the 2nd quarter valued at $6,972,000. Jupiter Topco LLC purchased a new stake in Newell Brands in the 2nd quarter valued at $1,162,000. Hsbc Holdings PLC raised its position in Newell Brands by 264.0% in the 2nd quarter. Hsbc Holdings PLC now owns 240,392 shares of the company's stock valued at $1,447,000 after purchasing an additional 174,357 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Newell Brands in the 1st quarter valued at $1,261,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer's and Sistema.

The company's products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.

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