Vetr upgraded shares of Newell Brands (NYSE:NWL) from a hold rating to a buy rating in a research report report published on Monday morning. The firm currently has $29.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank began coverage on shares of Newell Brands in a research note on Wednesday, December 13th. They set a hold rating and a $32.00 price objective on the stock. FIX reiterated a hold rating and set a $23.00 price objective on shares of Newell Brands in a research note on Thursday, February 8th. JPMorgan Chase & Co. reiterated a hold rating and set a $26.00 price objective (up from $25.00) on shares of Newell Brands in a research note on Tuesday, February 20th. SunTrust Banks reiterated a buy rating and set a $35.00 price objective on shares of Newell Brands in a research note on Tuesday, January 30th. Finally, ValuEngine downgraded shares of Newell Brands from a buy rating to a hold rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $34.72.

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Newell Brands stock opened at $25.84 on Monday. The firm has a market cap of $13,197.44, a price-to-earnings ratio of 4.59, a PEG ratio of 1.46 and a beta of 0.88. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Newell Brands has a 52 week low of $23.85 and a 52 week high of $55.08.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. analysts anticipate that Newell Brands will post 2.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.56%. Newell Brands’s payout ratio is currently 16.34%.

Several institutional investors have recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its position in shares of Newell Brands by 0.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock worth $12,139,000 after buying an additional 1,582 shares during the last quarter. Condor Capital Management lifted its position in shares of Newell Brands by 8.9% in the 4th quarter. Condor Capital Management now owns 23,380 shares of the company’s stock worth $722,000 after buying an additional 1,904 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in shares of Newell Brands by 7.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock worth $1,281,000 after buying an additional 2,085 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Newell Brands by 4.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 47,090 shares of the company’s stock worth $1,455,000 after buying an additional 2,200 shares during the last quarter. Finally, Zions Bancorporation lifted its position in shares of Newell Brands by 72.6% in the 3rd quarter. Zions Bancorporation now owns 5,588 shares of the company’s stock worth $238,000 after buying an additional 2,350 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

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Newell Brands Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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