Newell Brands Inc. (NASDAQ:NWL) Receives Consensus Rating of “Hold” from Analysts

Newell Brands Inc. (NASDAQ:NWL) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.14.

Several equities analysts have recently commented on NWL shares. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Citigroup lowered their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th.

Newell Brands Price Performance

Newell Brands stock opened at $4.72 on Friday. 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 stock has a market cap of $1.97 billion, a P/E ratio of -9.08, a PEG ratio of 0.95 and a beta of 0.84. The company has a 50-day moving average price of $6.45 and a 200 day moving average price of $8.32. Newell Brands has a 12-month low of $4.22 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter last year, the firm posted $0.22 EPS. Sell-side analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s payout ratio is -53.85%.

Institutional Investors Weigh In On Newell Brands

Several large investors have recently added to or reduced their stakes in NWL. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands in the 4th quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands in the fourth quarter valued at $46,000. Smartleaf Asset Management LLC boosted its holdings in Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc grew its stake in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Newell Brands during the 4th quarter worth about $101,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.