Newell Brands Inc. (NASDAQ:NWL) Receives Average Recommendation of "Hold" from Brokerages

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has received an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.69.

NWL has been the subject of a number of research reports. UBS Group increased their price target on Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Citigroup dropped their price target on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Wednesday. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research report on Monday, February 10th.

Institutional Trading of Newell Brands

Large investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands during the fourth quarter valued at $33,000. Farther Finance Advisors LLC grew its stake in Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter valued at about $46,000. NBC Securities Inc. lifted its position in shares of Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after purchasing an additional 10,258 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after purchasing an additional 4,617 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

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Newell Brands Stock Performance

Shares of NASDAQ:NWL traded down $0.12 on Friday, hitting $4.61. The company's stock had a trading volume of 4,536,686 shares, compared to its average volume of 6,635,271. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The stock's 50-day moving average is $6.26 and its two-hundred day moving average is $8.28.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts forecast that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio is -53.85%.

Newell Brands Company Profile

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.