Newell Brands (NASDAQ:NWL) Rating Lowered to Hold at Wall Street Zen

Newell Brands (NASDAQ:NWL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

NWL has been the subject of several other research reports. Royal Bank Of Canada increased their price objective on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of Newell Brands in a research report on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $5.75 price target on shares of Newell Brands in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Citigroup reduced their price objective on shares of Newell Brands from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus target price of $6.62.

Newell Brands Stock Performance

NASDAQ NWL opened at $5.47 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.67 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $5.65 and its two-hundred day moving average is $4.87. Newell Brands has a 12-month low of $3.08 and a 12-month high of $7.13. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -7.10, a PEG ratio of 0.76 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts expect that Newell Brands will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Newell Brands

Several hedge funds and other institutional investors have recently bought and sold shares of NWL. Citizens Financial Group Inc. RI lifted its holdings in shares of Newell Brands by 8.7% in the third quarter. Citizens Financial Group Inc. RI now owns 23,445 shares of the company’s stock valued at $124,000 after purchasing an additional 1,872 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Newell Brands by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock worth $70,000 after purchasing an additional 1,887 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Newell Brands by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 117,250 shares of the company’s stock worth $720,000 after purchasing an additional 2,106 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Newell Brands by 13.3% during the 1st quarter. Parallel Advisors LLC now owns 23,881 shares of the company’s stock worth $82,000 after purchasing an additional 2,795 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Newell Brands by 3.4% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 101,490 shares of the company’s stock worth $536,000 after purchasing an additional 3,300 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

About Newell Brands

Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer’s and Sistema.

The company’s products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.