Citigroup Lowers Newell Brands (NASDAQ:NWL) Price Target to $4.75

Newell Brands (NASDAQ:NWL) had its price target cut by Citigroup from $7.75 to $4.75 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays lifted their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Royal Bank of Canada lowered their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.69.

Newell Brands Stock Down 2.1 %

Shares of NASDAQ NWL opened at $4.63 on Monday. Newell Brands has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a market capitalization of $1.93 billion, a P/E ratio of -8.90, a P/E/G ratio of 0.95 and a beta of 0.84. The company has a 50 day simple moving average of $6.21 and a 200-day simple moving average of $8.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period last year, the firm posted $0.22 EPS. On average, equities research analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 6.05%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new stake in Newell Brands during the fourth quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its position in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock worth $38,000 after buying an additional 4,169 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter valued at $46,000. NBC Securities Inc. grew its position in shares of Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after buying an additional 10,258 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

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.