Newell Brands (NASDAQ:NWL) had its price objective upped by Morgan Stanley from $15.00 to $16.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the stock.
NWL opened at $18.02 on Wednesday. The firm has a market capitalization of $7.65 billion, a P/E ratio of -7.36, a PEG ratio of 8.27 and a beta of 0.97. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.64. Newell Brands has a 52 week low of $10.44 and a 52 week high of $20.99.
Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, July 31st. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.12. Newell Brands had a positive return on equity of 16.20% and a negative net margin of 11.39%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.03 billion. As a group, sell-side analysts anticipate that Newell Brands will post 1.25 earnings per share for the current fiscal year.
Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company operates through four segments: Appliances and Cookware, Food and Commercial, Home and Outdoor Living, and Learning and Development. The Appliances and Cookware segment offers household products, including kitchen appliances, gourmet cookware, bakeware, and cutlery under the Calphalon, Crock-Pot, Mr.
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