Newell Brands (NYSE:NWL) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, February 5th.
Newell Brands (NWL) opened at $27.98 on Friday. The firm has a market cap of $13,710.00, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. Newell Brands has a 12-month low of $23.85 and a 12-month high of $55.08.
Newell Brands declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
NWL has been the topic of a number of recent research reports. KeyCorp reaffirmed a “buy” rating and set a $32.00 price target (down from $40.00) on shares of Newell Brands in a research report on Monday, January 29th. Jefferies Group reissued a “hold” rating and set a $32.00 target price on shares of Newell Brands in a research report on Thursday, January 25th. JPMorgan Chase & Co. cut shares of Newell Brands from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $56.00 to $63.00 in a research report on Thursday, November 2nd. Oppenheimer reissued a “hold” rating and set a $42.00 target price on shares of Newell Brands in a research report on Tuesday, October 31st. Finally, Barclays reissued a “buy” rating and set a $35.00 target price on shares of Newell Brands in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.06.
In related news, CEO Michael B. Polk purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the acquisition, the chief executive officer now directly owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.97% of the company’s stock.
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About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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