A number of other research firms have also recently commented on NWL. KeyCorp reiterated a buy rating and set a $32.00 target price (down previously from $40.00) on shares of Newell Brands in a research report on Monday, January 29th. FIX reiterated a hold rating and set a $23.00 target price on shares of Newell Brands in a research report on Thursday, February 8th. Jefferies Group reiterated a hold rating and set a $32.00 target price on shares of Newell Brands in a research report on Thursday, January 25th. Citigroup reiterated a buy rating on shares of Newell Brands in a research report on Monday, March 5th. Finally, Deutsche Bank lifted their target price on Newell Brands from $23.00 to $28.00 and gave the stock a hold rating in a research report on Monday, February 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Newell Brands currently has a consensus rating of Hold and an average price target of $34.72.
Shares of Newell Brands stock opened at $26.79 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.83 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. The company has a market capitalization of $13,905.83, a PE ratio of 4.76, a PEG ratio of 1.34 and a beta of 0.88.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. research analysts forecast that Newell Brands will post 2.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 16.34%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Newell Brands by 548.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 71,583 shares of the company’s stock valued at $2,212,000 after purchasing an additional 60,542 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Newell Brands by 6.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 95,431 shares of the company’s stock valued at $2,949,000 after purchasing an additional 6,107 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Newell Brands by 20.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 476,569 shares of the company’s stock valued at $14,726,000 after purchasing an additional 79,600 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Newell Brands by 60.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,700 shares of the company’s stock valued at $763,000 after purchasing an additional 9,300 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Newell Brands in the 4th quarter valued at approximately $4,686,000. 92.73% of the stock is currently owned by institutional investors.
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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.
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