Newell Brands (NYSE:NWL) had its price objective boosted by Morgan Stanley from $15.00 to $16.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Several other brokerages have also recently commented on NWL. TheStreet upgraded shares of Newell Brands from a d rating to a c- rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Newell Brands from $17.00 to $18.00 and gave the company a hold rating in a report on Thursday, September 17th. Royal Bank of Canada reaffirmed a hold rating and set a $16.00 target price on shares of Newell Brands in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Newell Brands from $13.00 to $17.00 and gave the company a neutral rating in a report on Thursday, July 16th. Finally, Citigroup lifted their target price on shares of Newell Brands from $15.00 to $18.00 and gave the company a buy rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $15.43.
Shares of NYSE NWL opened at $18.02 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a 12 month low of $10.44 and a 12 month high of $20.99. The company has a 50 day simple moving average of $17.13 and a two-hundred day simple moving average of $15.36. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.18 by $0.12. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts forecast that Newell Brands will post 1.22 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Newell Brands by 335.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,698 shares of the company’s stock worth $42,000 after acquiring an additional 2,079 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Newell Brands by 640.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,942 shares of the company’s stock worth $78,000 after acquiring an additional 4,275 shares in the last quarter. Glassman Wealth Services increased its holdings in Newell Brands by 35,350.0% in the 2nd quarter. Glassman Wealth Services now owns 6,381 shares of the company’s stock worth $101,000 after acquiring an additional 6,363 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Newell Brands in the 2nd quarter worth $123,000. Finally, CSat Investment Advisory L.P. increased its holdings in Newell Brands by 173.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 7,946 shares of the company’s stock worth $126,000 after acquiring an additional 5,043 shares in the last quarter. 98.42% of the stock is owned by institutional investors.
About Newell Brands
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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