Newell Brands (NYSE:NWL) was downgraded by equities researchers at Consumer Edge from an “equal weight” rating to an “underweight” rating in a report issued on Monday, The Fly reports.
Several other analysts have also recently weighed in on the stock. SunTrust Banks upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $25.00 in a research note on Monday, September 30th. Barclays reiterated a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Finally, TheStreet upgraded shares of Newell Brands from a “d” rating to a “c-” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.78.
Shares of NWL stock traded down $0.88 during midday trading on Monday, hitting $19.49. 966,218 shares of the company were exchanged, compared to its average volume of 5,686,265. The firm has a market capitalization of $8.46 billion, a P/E ratio of 7.09, a PEG ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. The firm’s 50 day moving average price is $19.07 and its two-hundred day moving average price is $16.30. Newell Brands has a 52 week low of $13.04 and a 52 week high of $24.57.
Newell Brands (NYSE:NWL) last announced its earnings results on Friday, November 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.56 by $0.17. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.38 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. Analysts expect that Newell Brands will post 1.22 EPS for the current year.
In other Newell Brands news, Director Michael Todman acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the purchase, the director now directly owns 72,184 shares of the company’s stock, valued at $1,137,619.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Newell Brands by 27.3% in the 2nd quarter. Advisory Services Network LLC now owns 68,301 shares of the company’s stock valued at $1,053,000 after buying an additional 14,666 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of Newell Brands during the 2nd quarter valued at approximately $162,000. D.A. Davidson & CO. grew its holdings in shares of Newell Brands by 36.4% during the 2nd quarter. D.A. Davidson & CO. now owns 25,945 shares of the company’s stock valued at $400,000 after purchasing an additional 6,917 shares during the last quarter. Atria Investments LLC grew its holdings in shares of Newell Brands by 3,504.9% during the 2nd quarter. Atria Investments LLC now owns 480,828 shares of the company’s stock valued at $4,621,000 after purchasing an additional 467,490 shares during the last quarter. Finally, Capital Fund Management S.A. grew its holdings in shares of Newell Brands by 451.6% during the 2nd quarter. Capital Fund Management S.A. now owns 607,170 shares of the company’s stock valued at $9,363,000 after purchasing an additional 497,100 shares during the last quarter. Institutional investors own 98.42% 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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