Newell Brands Inc. (NASDAQ:NWL) Receives Consensus Rating of "Hold" from Brokerages

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

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Truist Financial decreased their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Canaccord Genuity Group reduced their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wells Fargo & Company decreased their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st.

Newell Brands Stock Performance

NWL stock traded down $0.08 during mid-day trading on Friday, reaching $5.29. 9,091,391 shares of the stock traded hands, compared to its average volume of 7,442,360. The firm has a market capitalization of $2.21 billion, a PE ratio of -10.17, a P/E/G ratio of 0.95 and a beta of 0.97. The business has a 50-day moving average of $5.24 and a two-hundred day moving average of $7.56. Newell Brands has a 52 week low of $4.22 and a 52 week high of $11.78. 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 (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business's revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.07 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 5.29%. Newell Brands's payout ratio is -47.46%.

Institutional Trading of Newell Brands

Several large investors have recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands during the 4th quarter worth about $33,000. Harvest Fund Management Co. Ltd bought a new position in Newell Brands in the 4th quarter worth approximately $46,000. Farther Finance Advisors LLC lifted its holdings in Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after buying an additional 4,169 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Newell Brands in the 4th quarter valued at $101,000. Institutional investors own 92.50% of the company's stock.

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.