Newell Brands Inc. (NASDAQ:NWL) Receives $7.53 Average PT from Analysts

Newell Brands Inc. (NASDAQ:NWL) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.53.

Several research firms recently commented on NWL. Truist Financial dropped their price objective on Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. upgraded shares of Newell Brands from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $6.00 to $7.00 in a research note on Friday, June 13th. Wells Fargo & Company lowered their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Finally, Wall Street Zen raised Newell Brands from a “sell” rating to a “hold” rating in a report on Sunday, May 4th.

Newell Brands Trading Up 4.6%

Newell Brands stock opened at $5.44 on Thursday. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -9.22 and a beta of 0.97. The business’s fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $7.02. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.15%. The ex-dividend date was Friday, May 30th. Newell Brands’s dividend payout ratio is presently -47.46%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Newell Brands by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after acquiring an additional 181,113 shares in the last quarter. Strs Ohio purchased a new stake in shares of Newell Brands in the first quarter worth $822,000. Intech Investment Management LLC bought a new stake in shares of Newell Brands during the 1st quarter valued at $1,326,000. Focus Partners Wealth lifted its stake in shares of Newell Brands by 47.0% during the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock valued at $396,000 after buying an additional 20,406 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Newell Brands by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock valued at $8,073,000 after buying an additional 153,658 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.