Newell Brands (NYSE:NWL)‘s stock had its “hold” rating reaffirmed by research analysts at FIX in a research note issued to investors on Thursday, The Fly reports. They currently have a $23.00 target price on the stock. FIX’s target price would indicate a potential downside of 16.70% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Deutsche Bank began coverage on Newell Brands in a report on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price objective on the stock. SunTrust Banks reiterated a “buy” rating and issued a $35.00 price objective on shares of Newell Brands in a report on Tuesday, January 30th. ValuEngine cut Newell Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada cut Newell Brands from a “top pick” rating to an “outperform” rating and decreased their price objective for the company from $60.00 to $35.00 in a report on Friday, November 3rd. Finally, BMO Capital Markets decreased their price objective on Newell Brands to $25.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $39.06.
Newell Brands (NWL) traded down $0.30 on Thursday, reaching $27.61. The company had a trading volume of 23,208,077 shares, compared to its average volume of 11,810,000. Newell Brands has a 12-month low of $23.85 and a 12-month high of $55.08. The firm has a market capitalization of $13,530.00, a PE ratio of 10.66, a PEG ratio of 1.31 and a beta of 0.89. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80.
In other news, CEO Michael B. Polk bought 7,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $28.22 per share, with a total value of $197,540.00. Following the completion of the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at $17,391,873.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NWL. MUFG Americas Holdings Corp raised its position in Newell Brands by 566.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock valued at $104,000 after purchasing an additional 2,873 shares during the period. Parkside Investments LLC purchased a new stake in shares of Newell Brands during the third quarter worth $107,000. Cerebellum GP LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth $123,000. BB&T Investment Services Inc. purchased a new stake in shares of Newell Brands during the second quarter worth $143,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Newell Brands during the second quarter worth $202,000. 93.11% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.