Newell Brands Inc. (NASDAQ:NWL) Receives $7.42 Average Target Price from Analysts

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has been given a consensus rating of "Hold" by the nine research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.42.

Several equities analysts have commented on NWL shares. Canaccord Genuity Group lowered their price target on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup dropped their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, UBS Group cut their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st.

Institutional Trading of Newell Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWL. Charles Schwab Investment Management Inc. boosted its holdings in shares of Newell Brands by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,090,178 shares of the company's stock worth $25,359,000 after acquiring an additional 98,102 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in Newell Brands during the 1st quarter worth about $199,000. Primecap Management Co. CA increased its position in Newell Brands by 2.5% in the 1st quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock valued at $89,888,000 after acquiring an additional 351,610 shares in the last quarter. CM Management LLC bought a new position in shares of Newell Brands in the first quarter worth about $310,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Newell Brands during the first quarter worth approximately $69,000. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Down 0.8 %

NWL stock traded down $0.04 during trading hours on Wednesday, hitting $5.22. The company's stock had a trading volume of 6,884,202 shares, compared to its average volume of 6,993,169. The company has a market capitalization of $2.18 billion, a PE ratio of -10.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The stock has a 50 day moving average price of $5.60 and a two-hundred day moving average price of $7.96. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands's revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's payout ratio is -47.46%.

About Newell Brands

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.