BidaskClub downgraded shares of Newell Brands Inc. (NYSE:NWL) from a hold rating to a sell rating in a research note published on Friday.

A number of other equities analysts also recently commented on NWL. UBS AG set a $60.00 price target on Newell Brands and gave the stock a buy rating in a research note on Tuesday, May 9th. Zacks Investment Research upgraded Newell Brands from a hold rating to a buy rating and set a $59.00 target price for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a buy rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. Jefferies Group LLC restated a buy rating and issued a $66.00 target price (up from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a hold rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands has a consensus rating of Buy and an average target price of $58.56.

Newell Brands (NYSE NWL) traded down 0.19% during mid-day trading on Friday, reaching $52.62. The company’s stock had a trading volume of 670,598 shares. The stock’s 50-day moving average is $53.31 and its 200-day moving average is $49.82. The firm has a market capitalization of $25.42 billion, a PE ratio of 22.33 and a beta of 1.17. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45.

Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Monday, May 8th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. Newell Brands had a return on equity of 11.07% and a net margin of 7.40%. The company’s revenue for the quarter was up 148.4% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. On average, equities analysts anticipate that Newell Brands will post $3.12 EPS for the current year.

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In other news, Director Thomas E. Clarke sold 5,353 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $52.49, for a total transaction of $280,978.97. Following the completion of the transaction, the director now directly owns 66,286 shares in the company, valued at $3,479,352.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Newell Brands by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 6,519,567 shares of the company’s stock valued at $307,528,000 after buying an additional 1,965,483 shares in the last quarter. Sentry Investments Corp. increased its position in shares of Newell Brands by 75.7% in the first quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock valued at $175,108,000 after buying an additional 1,599,100 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Newell Brands by 74.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,697,252 shares of the company’s stock valued at $174,399,000 after buying an additional 1,581,850 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Newell Brands

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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