Newell Brands Inc. (NASDAQ:NWL) Receives $8.91 Consensus Target Price from Brokerages

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has been given a consensus rating of "Hold" by the eleven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.91.

NWL has been the topic of a number of research reports. Citigroup downgraded Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. Royal Bank of Canada raised their target price on shares of Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Truist Financial upped their price target on shares of Newell Brands from $8.00 to $10.00 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 11th.

Newell Brands Trading Up 2.5 %

NASDAQ NWL traded up $0.19 during mid-day trading on Friday, reaching $7.87. 5,391,741 shares of the stock were exchanged, compared to its average volume of 5,391,880. The stock has a market capitalization of $3.27 billion, a PE ratio of -10.93, a PEG ratio of 1.29 and a beta of 0.91. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. Newell Brands has a 1-year low of $5.39 and a 1-year high of $9.24. The business's fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.31.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.21 by $0.15. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm's revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. On average, research analysts anticipate that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands's dividend payout ratio is currently -38.89%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Newell Brands in the second quarter worth $26,000. NBC Securities Inc. boosted its stake in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company's stock valued at $42,000 after acquiring an additional 1,780 shares during the period. Gradient Investments LLC acquired a new position in Newell Brands in the second quarter valued at approximately $46,000. Quarry LP grew its holdings in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company's stock valued at $51,000 after purchasing an additional 4,056 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Newell Brands during the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 92.50% of the company's stock.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.