ValuEngine Upgrades Newell Brands (NWL) to Hold

ValuEngine upgraded shares of Newell Brands (NYSE:NWL) from a sell rating to a hold rating in a research note published on Thursday.

NWL has been the subject of several other research reports. Zacks Investment Research upgraded shares of Newell Brands from a strong sell rating to a hold rating in a research note on Tuesday, October 9th. Bank of America reduced their price objective on shares of Newell Brands from $25.00 to $23.00 and set a neutral rating for the company in a research note on Thursday, October 4th. Citigroup reduced their price objective on shares of Newell Brands from $28.00 to $25.00 and set a buy rating for the company in a research note on Wednesday, October 31st. Barclays reiterated a hold rating and set a $24.00 price objective on shares of Newell Brands in a research note on Sunday, October 7th. Finally, Royal Bank of Canada reiterated a hold rating and set a $24.00 price objective on shares of Newell Brands in a research note on Wednesday, August 8th. Thirteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $27.31.

Shares of NYSE NWL traded up $0.68 during trading hours on Thursday, hitting $19.67. 9,004,854 shares of the stock were exchanged, compared to its average volume of 11,220,528. The company has a quick ratio of 2.44, a current ratio of 2.87 and a debt-to-equity ratio of 1.49. The firm has a market cap of $8.97 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82. Newell Brands has a 12 month low of $15.11 and a 12 month high of $32.58.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.26 by $0.55. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.34 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.51%. Newell Brands’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. On average, equities research analysts anticipate that Newell Brands will post 2.65 earnings per share for the current fiscal year.

In other Newell Brands news, CEO Michael B. Polk acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $20.63 per share, with a total value of $206,300.00. Following the acquisition, the chief executive officer now directly owns 941,951 shares of the company’s stock, valued at $19,432,449.13. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Craigie acquired 11,500 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average cost of $21.33 per share, for a total transaction of $245,295.00. Following the completion of the acquisition, the director now directly owns 14,081 shares in the company, valued at $300,347.73. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its holdings in shares of Newell Brands by 153.9% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 52,300 shares of the company’s stock valued at $1,062,000 after acquiring an additional 31,700 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Newell Brands by 98.8% in the 3rd quarter. Cadence Capital Management LLC now owns 61,626 shares of the company’s stock valued at $1,251,000 after acquiring an additional 30,634 shares during the last quarter. Robinson Value Management Ltd. purchased a new stake in shares of Newell Brands in the 3rd quarter valued at $3,321,000. Gabelli Funds LLC boosted its holdings in shares of Newell Brands by 10.7% in the 3rd quarter. Gabelli Funds LLC now owns 203,000 shares of the company’s stock valued at $4,121,000 after acquiring an additional 19,648 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Newell Brands by 52.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 122,360 shares of the company’s stock valued at $2,484,000 after acquiring an additional 41,860 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Newell Brands (NYSE:NWL)

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