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

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have received an average recommendation of "Hold" from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.13.

A number of brokerages have recently weighed in on NWL. Barclays lifted their price target on Newell Brands from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Tuesday, January 16th. Citigroup lowered their price target on Newell Brands from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Monday, February 12th. StockNews.com upgraded Newell Brands from a "sell" rating to a "hold" rating in a report on Friday, December 15th. Raymond James downgraded Newell Brands from an "outperform" rating to a "market perform" rating in a report on Monday, February 12th. Finally, Royal Bank of Canada lowered their target price on Newell Brands from $9.00 to $7.50 and set a "sector perform" rating on the stock in a research note on Monday, February 12th.

Institutional Investors Weigh In On Newell Brands

Large investors have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Newell Brands by 481.6% in the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company's stock valued at $48,819,000 after purchasing an additional 4,476,644 shares during the period. Norges Bank acquired a new stake in Newell Brands during the 4th quarter worth $32,781,000. Nuveen Asset Management LLC raised its stake in Newell Brands by 39.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 11,259,689 shares of the company's stock worth $97,959,000 after buying an additional 3,168,690 shares during the period. State Street Corp raised its stake in shares of Newell Brands by 12.2% in the 1st quarter. State Street Corp now owns 25,151,594 shares of the company's stock valued at $312,886,000 after purchasing an additional 2,732,905 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Newell Brands by 258.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,637,192 shares of the company's stock valued at $32,844,000 after purchasing an additional 2,623,088 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Price Performance

Shares of NWL traded down $0.24 during midday trading on Tuesday, reaching $7.60. The stock had a trading volume of 4,400,805 shares, compared to its average volume of 5,416,833. Newell Brands has a 52 week low of $6.49 and a 52 week high of $12.75. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. The firm's 50 day moving average price is $7.80 and its 200-day moving average price is $7.89. The company has a market capitalization of $3.16 billion, a P/E ratio of -8.00, a P/E/G ratio of 1.57 and a beta of 0.95.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. Newell Brands's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, analysts forecast that Newell Brands will post 0.57 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.68%. Newell Brands's payout ratio is presently -29.47%.

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.