Newell Brands (NWL) PT Set at $23.00 by Morgan Stanley

Morgan Stanley set a $23.00 target price on Newell Brands (NYSE:NWL) in a research report released on Tuesday. The brokerage currently has a hold rating on the stock.

Several other analysts have also weighed in on NWL. TheStreet lowered Newell Brands from a c rating to a d rating in a report on Friday, November 2nd. Jefferies Financial Group lowered their target price on Newell Brands to $20.00 and set a hold rating on the stock in a report on Monday. Wells Fargo & Co upped their target price on Newell Brands from $33.00 to $36.00 and gave the company an outperform rating in a report on Monday. Deutsche Bank upped their target price on Newell Brands from $20.00 to $21.00 and gave the company a hold rating in a report on Monday. Finally, ValuEngine raised Newell Brands from a sell rating to a hold rating in a report on Thursday, November 1st. Thirteen research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $26.60.

NWL stock traded down $0.31 on Tuesday, reaching $19.90. 375,709 shares of the company’s stock were exchanged, compared to its average volume of 11,797,883. Newell Brands has a twelve month low of $15.11 and a twelve month high of $32.58. The firm has a market capitalization of $9.43 billion, a PE ratio of 7.13, a P/E/G ratio of 3.59 and a beta of 0.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.87 and a quick ratio of 2.44.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.55. Newell Brands had a positive return on equity of 9.51% and a negative net margin of 46.92%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Newell Brands’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts expect that Newell Brands will post 1.22 earnings per share for the current fiscal year.

In related news, CEO Michael B. Polk acquired 10,000 shares of Newell Brands stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $20.63 per share, for a total transaction of $206,300.00. Following the completion of the transaction, the chief executive officer now directly owns 941,951 shares of the company’s stock, valued at $19,432,449.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of NWL. Truvestments Capital LLC purchased a new stake in shares of Newell Brands in the third quarter valued at $108,000. Northwest Wealth Management LLC lifted its position in Newell Brands by 5,180.7% during the second quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock worth $113,000 after buying an additional 4,300 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Newell Brands by 277.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock worth $121,000 after buying an additional 4,373 shares during the period. Aviance Capital Management LLC purchased a new position in Newell Brands during the third quarter worth about $132,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Newell Brands during the second quarter worth about $146,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

Recommended Story: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Newell Brands (NYSE:NWL)

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply