StockNews.com upgraded shares of Newell Brands (NASDAQ:NWL - Free Report) from a sell rating to a hold rating in a research report released on Sunday.
Other equities analysts have also recently issued reports about the company. UBS Group cut their price target on Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Wells Fargo & Company reduced their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Canaccord Genuity Group cut 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.42.
Check Out Our Latest Analysis on NWL
Newell Brands Price Performance
Newell Brands stock traded down $0.04 during mid-day trading on Friday, reaching $5.22. The company had a trading volume of 6,884,202 shares, compared to its average volume of 6,981,278. Newell Brands has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The business has a fifty day simple moving average of $5.62 and a 200 day simple moving average of $7.97. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The company has a market cap of $2.18 billion, a P/E ratio of -10.04, a P/E/G ratio of 0.95 and a beta of 0.92.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts predict that Newell Brands will post 0.72 earnings per share for the current year.
Newell Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 5.36%. Newell Brands's dividend payout ratio (DPR) is -47.46%.
Hedge Funds Weigh In On Newell Brands
A number of large investors have recently modified their holdings of NWL. Vanguard Group Inc. increased its position in shares of Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after purchasing an additional 1,974,823 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Newell Brands by 25.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after acquiring an additional 4,273,541 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Newell Brands by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after acquiring an additional 3,188,718 shares in the last quarter. FMR LLC raised its position in Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company's stock valued at $144,695,000 after purchasing an additional 10,172,696 shares in the last quarter. Finally, Primecap Management Co. CA lifted its stake in Newell Brands by 2.5% during the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after purchasing an additional 351,610 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.
About Newell Brands
(
Get Free Report)
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.
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