Recent Analysts’ Ratings Changes for Newell Brands (NWL)

Several analysts have recently updated their ratings and price targets for Newell Brands (NYSE: NWL):

  • 2/8/2018 – Newell Brands had its “hold” rating reaffirmed by analysts at FIX. They now have a $23.00 price target on the stock.
  • 2/2/2018 – Newell Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/30/2018 – Newell Brands had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/30/2018 – Newell Brands had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $35.00 price target on the stock.
  • 1/29/2018 – Newell Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “With the recent acceleration of the transformation plan, Newell Brands anticipates to be better positioned in the dynamic retail landscape with its leading brands, excellent marketing, innovation and solid e-commerce capabilities. However, the company has lagged the industry in the last three months due to soft third-quarter 2017 performance. Further, the company’s recently reported soft core sales and margins for 2017 indicate that there are more troubles ahead for the stock. Sales were hurt by continuation of retailer inventory rebalancing in the United States, while margins suffered due to the negative mix of lower Writing sales and lower fixed cost absorption due to shorter cycle runs on self-manufactured products. Based on the preliminary results, the company lowered projections for 2017 and provided initial view for 2018. Estimates have been going down ahead of the fourth quarter earnings release.”
  • 1/29/2018 – Newell Brands had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $32.00 price target on the stock, down previously from $40.00.
  • 1/26/2018 – Newell Brands had its price target lowered by analysts at BMO Capital Markets to $25.00. They now have a “market perform” rating on the stock.
  • 1/26/2018 – Newell Brands was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating.
  • 1/25/2018 – Newell Brands had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $32.00 price target on the stock. They wrote, “NWL negatively pre-announced 4Q, incl. weak ~-2% org sales declines (vs. +0.5 to +2.5% guide) and ~$0.68 in EPS (~10% below implied guidance mid-pt). NWL also guided to $2.65-$2.85 in FY18 EPS (vs. Street $2.94), incl. positive org sales growth. Along w/the poor results, NWL announced (more) strategic changes, incl. the review of ~$4B (~25%) of its portfolio. With visibility still low, NWL remains a value trap at ~9x P/E / ~16x EV/ULFCF, close to recent avgs. NWL negatively pre-announces 4Q results: NWL negatively pre-announced its 2017 results, including +0.8% FY17 core sales growth (vs. 1.5-2% guidance) and $2.72-2.76 in EPS (vs. $2.80-2.85 guidance). Implied 4Q of ~-2% org sales growth (vs. ~+0.5-2.5% guidance and JEF +1.4%) and $0.66-0.70 in EPS ($0.68 would be >10% below mid-pt of implied $0.74- $0.79 guidance), vs. Street/JEF $0.75. On a positive note, the company delivered ~$930M of FY17 OCF, vs. previous guidance of $700-800M. Though investors were likely braced somewhat for the poor results, 4Q failed to clear the already low bar. Initial FY18 outlook well below the Street: NWL also gave its initial FY18 outlook, incl. market share growth in its core categories and geographies, for core sales growth despite continued retailer inventory reductions. FY18 EPS is expected to be $2.65-2.85, including $135M (~$0.20 headwind) of increased sales/mgmt bonuses and a tax rate of 20-21% vs. 26% prior (~$0.20 tailwind). Additionally, OCF is expected to be $1.15-1.45B, vs. prior guidance (which had not been updated with 3Q) of >$1.5B. Guidance assumes continued ownership of all assets.””
  • 1/25/2018 – Newell Brands was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $25.00 price target on the stock, down previously from $38.00.
  • 1/25/2018 – Newell Brands was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 1/25/2018 – Newell Brands was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $26.00 price target on the stock, down previously from $35.00.
  • 1/16/2018 – Newell Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Newell Brands is on track to attain its transformation goals through market share gains, point of sale growth, innovation, e-commerce improvement, and cost-savings plans. Further, stringent progress on its Project Renewal Program and Growth Game Plan bode well. This is likely to improve cost savings and accelerate growth by simplifying and strengthening the company’s portfolio. Additionally, Newell’s shareholder-friendly moves and value-added investments should attract investors’ attention. However, the company has lagged the industry in the last three months due to the after-effects of Hurricane Harvey, which weighed on its third-quarter 2017 results. The quarter marked the company’s first earnings miss in more than three years, while sales lagged after two straight beats. Moreover, the company slashed its outlook for 2017. Estimates have been stable lately ahead of the fourth quarter earnings.”
  • 1/8/2018 – Newell Brands was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $36.00 price target on the stock. According to Zacks, “Newell Brands is on track to attain its transformation goals through market share gains, point of sale growth, innovation, e-commerce improvement, and cost-savings plans. Further, stringent progress on its Project Renewal Program and Growth Game Plan bode well. This is likely to improve cost savings and accelerate growth by simplifying and strengthening the company’s portfolio. Additionally, Newell’s shareholder-friendly moves and value-added investments should attract investors’ attention. However, the company has lagged the industry in the last three months due to the after-effects of Hurricane Harvey, which weighed on its third-quarter 2017 results. The quarter marked the company’s first earnings miss in more than three years, while sales lagged after two straight beats. Moreover, the company slashed its outlook for 2017. Estimates for the current fiscal have been going up ahead of the fourth quarter earnings.”
  • 12/31/2017 – Newell Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Newell Brands Inc (NWL) opened at $28.05 on Monday. Newell Brands Inc has a one year low of $23.85 and a one year high of $55.08. The stock has a market cap of $13,531.66, a PE ratio of 10.83, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46.

In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by corporate insiders.

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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