Newell Brands (NASDAQ:NWL - Free Report) had its price target decreased by Wells Fargo & Company from $7.00 to $6.00 in a report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
NWL has been the subject of a number of other reports. Citigroup cut their target price on Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research report on Monday. Canaccord Genuity Group dropped their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Royal Bank of Canada reduced their target price on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Six investment 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.com, Newell Brands presently has a consensus rating of "Hold" and an average target price of $9.14.
Check Out Our Latest Analysis on NWL
Newell Brands Stock Performance
NWL stock traded up $0.07 on Wednesday, reaching $4.70. The company's stock had a trading volume of 6,670,824 shares, compared to its average volume of 6,679,010. The firm has a fifty day moving average of $6.11 and a two-hundred day moving average of $8.21. 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 market capitalization of $1.96 billion, a P/E ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. Newell Brands has a 52 week low of $4.22 and a 52 week high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter last year, the business earned $0.22 EPS. As a group, analysts predict that Newell Brands will post 0.72 EPS for the current fiscal year.
Newell Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's payout ratio is presently -53.85%.
Institutional Investors Weigh In On Newell Brands
A number of institutional investors have recently modified their holdings of NWL. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Newell Brands by 121.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock worth $889,000 after acquiring an additional 78,718 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in Newell Brands in the first quarter valued at approximately $183,000. Assenagon Asset Management S.A. bought a new stake in Newell Brands in the first quarter worth $4,057,000. SG Americas Securities LLC boosted its stake in shares of Newell Brands by 446.4% during the 1st quarter. SG Americas Securities LLC now owns 120,735 shares of the company's stock worth $749,000 after acquiring an additional 98,637 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of Newell Brands by 146.5% in the 1st quarter. Pallas Capital Advisors LLC now owns 71,154 shares of the company's stock valued at $441,000 after acquiring an additional 42,289 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.
Newell Brands Company Profile
(
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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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