Newell Brands Inc. (NASDAQ:NWL) Stock Rated “Hold” by Wall Street Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.62.

Several brokerages have recently commented on NWL. Zacks Research downgraded Newell Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Barclays lifted their price target on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price objective on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Deutsche Bank restated a “hold” rating and set a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Newell Brands from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, November 2nd.

Newell Brands Price Performance

Newell Brands stock traded up $0.02 during mid-day trading on Friday, hitting $5.78. The company’s stock had a trading volume of 2,827,974 shares, compared to its average volume of 6,281,851. The stock has a market capitalization of $2.46 billion, a P/E ratio of -7.51, a P/E/G ratio of 0.81 and a beta of 0.88. Newell Brands has a twelve month low of $3.20 and a twelve month high of $7.13. The stock’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $4.91. The company has a quick ratio of 0.67, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. Research analysts forecast that Newell Brands will post 0.76 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, November 30th. Newell Brands’s dividend payout ratio (DPR) is -36.36%.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Newell Brands in the 2nd quarter worth approximately $436,133,000. Pzena Investment Management LLC acquired a new stake in Newell Brands during the 2nd quarter valued at $294,663,000. Rubric Capital Management LP raised its stake in Newell Brands by 17.4% during the 1st quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock valued at $52,333,000 after purchasing an additional 2,257,431 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Newell Brands in the second quarter valued at $36,003,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Newell Brands by 93.5% in the third quarter. Public Sector Pension Investment Board now owns 2,825,301 shares of the company’s stock valued at $15,892,000 after purchasing an additional 1,365,567 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

About Newell Brands

Newell Brands Inc. is a global consumer goods company that develops and sells products for homes, workplaces and outdoor activities. Its portfolio includes household and food-storage products, writing instruments, baby gear, outdoor equipment, appliances, and home-fragrance products. Its brands include Rubbermaid, Sharpie, Paper Mate, Graco, Coleman, Yankee Candle, Mr. Coffee and Crock-Pot. The company serves consumers and businesses through retailers, e-commerce platforms and other distribution channels in markets around the world.