Newell Brands Inc. (NWL) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Newell Brands Inc. (NYSE:NWL) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $58.07.
A number of research analysts have recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 target price (up from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Saturday, July 1st. BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Newell Brands in a research report on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research report on Monday, May 8th.
A number of hedge funds have recently modified their holdings of the company. Harfst & Associates Inc. bought a new stake in shares of Newell Brands during the first quarter worth about $103,000. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands during the second quarter worth about $107,000. Israel Discount Bank of New York acquired a new stake in Newell Brands during the first quarter worth $112,000. Parallel Advisors LLC raised its stake in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Newell Brands during the first quarter worth $156,000. Institutional investors own 94.42% of the company’s stock.
Newell Brands (NYSE:NWL) traded down 0.40% during trading on Friday, hitting $50.00. 2,333,041 shares of the stock were exchanged. The company has a 50-day moving average price of $52.68 and a 200 day moving average price of $50.04. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. Newell Brands has a 1-year low of $43.43 and a 1-year high of $55.45.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. Equities analysts predict that Newell Brands will post $3.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.23 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. Newell Brands’s dividend payout ratio is presently 36.95%.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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