Newell Brands Inc. (NASDAQ:NWL) Receives $7.42 Consensus Target Price from Analysts

Newell Brands Inc. (NASDAQ:NWL) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.42.

A number of equities research analysts have recently commented on NWL shares. JPMorgan Chase & Co. cut their target price on Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group cut their target price on Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Citigroup cut their target price on Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday, May 4th. Finally, Wells Fargo & Company cut their target price on Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $33,000. Farther Finance Advisors LLC lifted its holdings in shares of Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after purchasing an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Newell Brands in the fourth quarter valued at about $46,000. NBC Securities Inc. lifted its holdings in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after acquiring an additional 10,258 shares during the period. Finally, Vident Advisory LLC bought a new position in Newell Brands in the first quarter valued at about $66,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

Shares of NWL stock opened at $5.54 on Friday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -10.65, a PEG ratio of 0.95 and a beta of 0.97. The business’s fifty day moving average is $5.22 and its 200 day moving average is $7.50. Newell Brands has a twelve month low of $4.22 and a twelve month high of $11.78. 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 (NASDAQ:NWL) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The firm’s revenue was down 5.3% on a year-over-year basis. Research analysts expect that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands’s payout ratio is currently -47.46%.

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.