Newell Brands (NWL) Rating Lowered to D at TheStreet

TheStreet downgraded shares of Newell Brands (NYSE:NWL) from a c rating to a d rating in a research report sent to investors on Friday.

A number of other equities analysts have also commented on NWL. Zacks Investment Research lowered shares of Newell Brands from a hold rating to a sell rating in a research report on Tuesday, July 10th. Bank of America boosted their price target on shares of Newell Brands from $28.00 to $30.00 and gave the company a neutral rating in a research report on Monday, July 16th. Deutsche Bank reduced their price target on shares of Newell Brands to $23.00 and set a hold rating on the stock in a research report on Tuesday, August 7th. Citigroup reduced their price target on shares of Newell Brands from $36.00 to $29.00 and set a buy rating on the stock in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reduced their price target on shares of Newell Brands from $29.00 to $23.00 and set a hold rating on the stock in a research report on Wednesday, August 8th. Thirteen analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Newell Brands currently has an average rating of Hold and an average target price of $26.87.

NYSE:NWL traded down $0.01 on Friday, reaching $19.96. The stock had a trading volume of 84,385 shares, compared to its average volume of 11,220,528. The firm has a market cap of $8.97 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82. Newell Brands has a 1-year low of $15.11 and a 1-year high of $32.58. The company has a quick ratio of 2.44, a current ratio of 2.87 and a debt-to-equity ratio of 1.49.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, November 2nd. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.55. The firm had revenue of $2.28 billion for 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%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. On average, research analysts expect that Newell Brands will post 2.65 EPS for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in NWL. Achmea Investment Management B.V. raised its stake in shares of Newell Brands by 158.7% during the third quarter. Achmea Investment Management B.V. now owns 72,372 shares of the company’s stock worth $1,469,000 after buying an additional 44,400 shares during the last quarter. Poplar Forest Capital LLC raised its stake in shares of Newell Brands by 18.8% during the third quarter. Poplar Forest Capital LLC now owns 1,825,768 shares of the company’s stock worth $37,063,000 after buying an additional 288,741 shares during the last quarter. Becker Capital Management Inc. raised its stake in shares of Newell Brands by 3.0% during the third quarter. Becker Capital Management Inc. now owns 1,820,125 shares of the company’s stock worth $36,949,000 after buying an additional 53,430 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Newell Brands by 74.0% during the third quarter. Janney Montgomery Scott LLC now owns 152,055 shares of the company’s stock worth $3,087,000 after buying an additional 64,654 shares during the last quarter. Finally, RPG Investment Advisory LLC raised its stake in shares of Newell Brands by 35.9% during the third quarter. RPG Investment Advisory LLC now owns 213,275 shares of the company’s stock worth $4,329,000 after buying an additional 56,297 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

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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Analyst Recommendations for Newell Brands (NYSE:NWL)

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