News articles about Newell Brands (NYSE:NWL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newell Brands earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9671680172911 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
NYSE NWL traded up $0.41 during trading on Wednesday, hitting $27.18. The company had a trading volume of 3,423,484 shares, compared to its average volume of 9,589,726. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Newell Brands has a one year low of $23.85 and a one year high of $55.08. The firm has a market capitalization of $12,843.24, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. sell-side analysts predict that Newell Brands will post 2.67 earnings per share for the current year.
A number of equities research analysts recently commented on NWL shares. SunTrust Banks reiterated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a report on Tuesday, January 30th. KeyCorp reiterated a “buy” rating and set a $32.00 price target (down from $40.00) on shares of Newell Brands in a report on Monday, January 29th. Vetr upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, February 20th. Citigroup reiterated a “buy” rating on shares of Newell Brands in a report on Monday, March 5th. Finally, Morgan Stanley lowered shares of Newell Brands from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $38.00 to $25.00 in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Newell Brands currently has an average rating of “Hold” and an average price target of $33.06.
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About Newell Brands
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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