Newell Brands (NASDAQ:NWL - Free Report) had its target price lowered by JPMorgan Chase & Co. from $8.00 to $6.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also commented on the company. Citigroup cut their price target on Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada cut their target price 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. Wells Fargo & Company decreased their price target on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Canaccord Genuity Group cut their price target 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, Barclays increased their price objective on Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Newell Brands presently has an average rating of "Hold" and a consensus price target of $9.69.
Get Our Latest Research Report on NWL
Newell Brands Price Performance
NWL stock traded down $0.12 during trading on Friday, reaching $4.61. 4,536,686 shares of the company were exchanged, 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 P/E/G ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company has a 50-day moving average of $6.26 and a two-hundred day moving average of $8.28. Newell Brands has a twelve month low of $4.22 and a twelve month high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $0.22 earnings per share. As a group, equities analysts predict that Newell Brands will post 0.72 earnings per share for the current fiscal year.
Newell Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 6.07%. Newell Brands's dividend payout ratio is currently -53.85%.
Institutional Investors Weigh In On Newell Brands
A number of hedge funds have recently added to or reduced their stakes in NWL. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its stake in Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Newell Brands in the fourth quarter worth $46,000. NBC Securities Inc. increased its stake in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after purchasing an additional 10,258 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $79,000 after purchasing an additional 4,617 shares during the period. 92.50% of the stock is currently owned by institutional investors.
About Newell Brands
(
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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.
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