Newell Brands (NASDAQ:NWL) Price Target Cut to $5.50 by Analysts at UBS Group

Newell Brands (NASDAQ:NWL) had its price objective cut by UBS Group from $8.00 to $5.50 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently commented on NWL. Canaccord Genuity Group reduced 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. JPMorgan Chase & Co. reduced their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Citigroup lowered their price target on Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada lowered their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.14.

Newell Brands Price Performance

NWL stock opened at $4.70 on Thursday. The stock has a market cap of $1.96 billion, a PE ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The stock has a 50-day moving average price of $6.16 and a two-hundred day moving average price of $8.23. Newell Brands has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.22 earnings per share. Equities analysts forecast that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio is -53.85%.

Institutional Investors Weigh In On Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company’s stock worth $144,695,000 after acquiring an additional 10,172,696 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Newell Brands in the fourth quarter valued at approximately $72,431,000. Norges Bank acquired a new stake in Newell Brands during the fourth quarter worth approximately $37,174,000. Dimensional Fund Advisors LP grew its position in Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock worth $180,172,000 after buying an additional 3,188,718 shares in the last quarter. Finally, FIL Ltd increased its stake in Newell Brands by 109.2% during the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company’s stock worth $56,980,000 after acquiring an additional 2,986,426 shares during the period. Institutional investors and hedge funds 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.