#6 - Newell Brands (NASDAQ:NWL)
Dividend yield: 4.08%
Market capitalization: $9.39 billion
Newell Brands (NASDAQ:NWL) was one of the pandemic winners as the company known for its Rubbermaid brand surged with people sheltering in place. But the stock has had a correction in 2021. However, it looks like NWL stock may have found some support and is ready to move higher.
One reason for that is the company’s pleasing pattern of beating earnings and revenue expectations. The company has done both for the last eight quarters. And for the first three quarters of 2021, Newell’s revenue is higher on a year-over-year (YoY) basis. But the spread is narrowing which is justifying negative sentiment in the stock.
Analysts give the stock a consensus price target of $29.11 which would be a 30% upside from its current level. And regarding the dividend, the dividend yield of over 4% is well above the sector average of around 2.5%. Investors may not love the slow three-year dividend growth of just 4.55%.
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.
More about Newell Brands- Current Price
- $4.70
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $9.14 (94.4% Upside)
