StockNews.com upgraded shares of Newell Brands (NASDAQ:NWL – Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday.
A number of other brokerages have also weighed in on NWL. Barclays lifted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Canaccord Genuity Group reduced their target price on Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, UBS Group reduced their price target on Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.42.
Get Our Latest Analysis on Newell Brands
Newell Brands Stock Down 2.2 %
Newell Brands (NASDAQ:NWL – Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Newell Brands will post 0.72 EPS for the current year.
Newell Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.61%. Newell Brands’s dividend payout ratio is currently -47.46%.
Hedge Funds Weigh In On Newell Brands
Large investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands in the fourth quarter worth about $33,000. Farther Finance Advisors LLC raised its holdings in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock worth $38,000 after acquiring an additional 4,169 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Newell Brands in the 4th quarter valued at approximately $46,000. NBC Securities Inc. boosted its stake in Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after purchasing an additional 10,258 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Newell Brands
- How Investors Can Find the Best Cheap Dividend Stocks
- 3 Mid-Cap Medical Stocks Outperforming the Market
- How to Calculate Return on Investment (ROI)
- The Top-Ranked Insider Buys From April by Market Cap
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Is Eli Lilly a Buy After Weak Earnings and CVS-Novo Partnership?
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.