Analysts Set Newell Brands Inc. (NASDAQ:NWL) PT at $8.82

Newell Brands Inc. (NASDAQ:NWL) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.82.

NWL has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price target on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada upped their price target on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its position in Newell Brands by 5.9% during the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock valued at $203,000 after buying an additional 1,762 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Newell Brands during the 2nd quarter valued at approximately $116,000. Quarry LP increased its position in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares in the last quarter. Millennium Management LLC increased its position in Newell Brands by 65.9% during the 2nd quarter. Millennium Management LLC now owns 924,973 shares of the company’s stock valued at $5,929,000 after buying an additional 367,481 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in Newell Brands by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock valued at $65,558,000 after buying an additional 137,441 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 0.7 %

Shares of NWL stock opened at $7.68 on Tuesday. The stock has a market capitalization of $3.19 billion, a PE ratio of -10.67, a P/E/G ratio of 1.26 and a beta of 0.91. Newell Brands has a 1-year low of $5.39 and a 1-year high of $9.24. The business has a 50-day moving average of $7.43 and a 200 day moving average of $7.33. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. Newell Brands’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. As a group, sell-side analysts anticipate that Newell Brands will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, August 30th. Newell Brands’s dividend payout ratio is currently -38.89%.

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.