Newell Brands Inc. (NASDAQ:NWL) Receives $10.81 Consensus PT from Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.81.

Several research firms recently commented on NWL. Canaccord Genuity Group cut their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Citigroup cut their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Royal Bank of Canada cut their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. Wells Fargo & Company cut their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th.

Newell Brands Trading Down 1.4 %

Shares of NWL stock opened at $6.45 on Tuesday. The company has a 50 day moving average of $8.00 and a 200-day moving average of $8.54. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. Newell Brands has a 12-month low of $5.39 and a 12-month high of $11.78. The firm has a market cap of $2.68 billion, a P/E ratio of -12.40, a PEG ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter last year, the company posted $0.22 earnings per share. Sell-side analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Institutional Trading of Newell Brands

Several institutional investors and hedge funds have recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC purchased a new stake in shares of Newell Brands during the 4th quarter valued at $33,000. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands in the 4th quarter worth $46,000. Claro Advisors LLC purchased a new position in Newell Brands in the 3rd quarter worth $79,000. Smartleaf Asset Management LLC raised its position in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares during the period. Finally, Versant Capital Management Inc raised its position in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares during the period. Hedge funds and other institutional investors 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.