Newell Brands Inc. (NASDAQ:NWL) Receives $10.81 Average Price Target from Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $10.81.

A number of equities research analysts have weighed in on NWL shares. Barclays upped their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group raised their price objective on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada lowered their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after buying an additional 178,028 shares during the period. Amundi lifted its holdings in Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after acquiring an additional 142,361 shares during the period. Raymond James Financial Inc. purchased a new position in Newell Brands in the fourth quarter worth about $9,877,000. Empowered Funds LLC grew its stake in shares of Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the period. Finally, Citigroup Inc. increased its position in shares of Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after purchasing an additional 88,164 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 4.3 %

NWL opened at $6.73 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.78. The stock has a market cap of $2.80 billion, a PE ratio of -12.94, a PEG ratio of 0.95 and a beta of 0.88. The business has a 50 day moving average of $7.94 and a 200-day moving average of $8.54.

Newell Brands (NASDAQ:NWL) last announced its 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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts predict that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, February 28th. Newell Brands’s payout ratio is presently -53.85%.

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.