Newell Brands (NYSE:NWL) has been given a $28.00 target price by analysts at Barclays in a research note issued on Thursday, March 15th. The brokerage currently has a “hold” rating on the stock. Barclays’ price target suggests a potential upside of 8.57% from the company’s current price.
Several other research firms have also issued reports on NWL. Zacks Investment Research lowered Newell Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Deutsche Bank assumed coverage on Newell Brands in a research report on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price objective for the company. Bank of America lowered Newell Brands from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Jefferies Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Newell Brands in a research report on Thursday, January 25th. Finally, Morgan Stanley lowered Newell Brands from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $38.00 to $25.00 in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.72.
Shares of NWL stock opened at $25.79 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market capitalization of $12,513.31, a P/E ratio of 9.38, a PEG ratio of 1.39 and a beta of 0.81. Newell Brands has a 12 month low of $23.85 and a 12 month high of $55.08.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. equities analysts anticipate that Newell Brands will post 2.68 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in NWL. MUFG Americas Holdings Corp raised its stake in shares of Newell Brands by 566.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after purchasing an additional 2,873 shares in the last quarter. Cerebellum GP LLC bought a new stake in Newell Brands in the 4th quarter valued at $123,000. Patten Group Inc. raised its stake in Newell Brands by 5,263.6% in the 4th quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock valued at $214,000 after acquiring an additional 6,790 shares during the period. Balter Liquid Alternatives LLC bought a new stake in Newell Brands in the 4th quarter valued at $215,000. Finally, Belpointe Asset Management LLC bought a new stake in Newell Brands in the 3rd quarter valued at $226,000. Institutional investors own 92.74% 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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