Shares of Newell Brands (NYSE:NWL) have earned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.31.
Several equities research analysts have recently issued reports on NWL shares. KeyCorp reissued a “buy” rating and set a $32.00 target price (down from $40.00) on shares of Newell Brands in a research note on Monday, January 29th. FIX reissued a “hold” rating and set a $23.00 target price on shares of Newell Brands in a research note on Thursday, February 8th. Vetr raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, February 20th. Jefferies Group reissued a “hold” rating and set a $32.00 target price on shares of Newell Brands in a research note on Thursday, January 25th. Finally, Citigroup reissued a “buy” rating on shares of Newell Brands in a research note on Monday, March 5th.
NWL stock opened at $26.44 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41. Newell Brands has a 52-week low of $23.85 and a 52-week high of $55.08. The stock has a market cap of $12,828.69, a PE ratio of 9.61, a PEG ratio of 1.67 and a beta of 0.81.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. sell-side analysts forecast that Newell Brands will post 2.67 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MUFG Americas Holdings Corp raised its position 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 during the last quarter. Cerebellum GP LLC acquired a new position in shares of Newell Brands during the 4th quarter worth about $123,000. Patten Group Inc. raised its position in shares of Newell Brands by 5,263.6% during the 4th quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock worth $214,000 after purchasing an additional 6,790 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new stake in Newell Brands in the 4th quarter valued at about $215,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Newell Brands in the 3rd quarter valued at about $238,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.
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Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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