Newell Brands Inc. (NASDAQ:NWL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.82.

A number of research firms recently issued reports on NWL. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group boosted their price objective on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Truist Financial boosted their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. reduced their price target on Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd.

Newell Brands Price Performance

NWL stock opened at $7.25 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. Newell Brands has a 52-week low of $5.39 and a 52-week high of $9.24. The stock’s 50 day moving average is $7.35 and its two-hundred day moving average is $7.34. The company has a market capitalization of $3.01 billion, a PE ratio of -10.07, a P/E/G ratio of 1.27 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.15. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. Newell Brands’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Analysts predict that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.86%. Newell Brands’s payout ratio is -38.89%.

Hedge Funds Weigh In On Newell Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. Pine Valley Investments Ltd Liability Co lifted its position in Newell Brands by 15.5% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock worth $101,000 after purchasing an additional 1,564 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Newell Brands by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,650 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Newell Brands by 5.9% in the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after acquiring an additional 1,762 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Blueshift Asset Management LLC lifted its holdings in shares of Newell Brands by 11.9% in the fourth quarter. Blueshift Asset Management LLC now owns 17,044 shares of the company’s stock worth $148,000 after acquiring an additional 1,814 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

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.