Brokerages Set Newell Brands Inc (NWL) PT at $21.82

Newell Brands Inc (NYSE:NWL) has received a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.91.

A number of research firms have issued reports on NWL. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 target price on shares of Newell Brands in a report on Thursday. Wells Fargo & Co increased their target price on shares of Newell Brands from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research lowered shares of Newell Brands from a “buy” rating to a “sell” rating in a report on Thursday, February 21st. Barclays set a $16.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a report on Tuesday, February 19th. Finally, Citigroup set a $24.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a report on Wednesday, February 20th.

Newell Brands stock opened at $15.45 on Friday. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. Newell Brands has a 52-week low of $15.11 and a 52-week high of $29.23. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, February 15th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.30. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.43 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. Equities analysts expect that Newell Brands will post 1.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Wednesday, February 27th. Newell Brands’s dividend payout ratio is presently 33.45%.

Several large investors have recently made changes to their positions in the business. Whitener Capital Management Inc. grew its position in shares of Newell Brands by 3.3% in the 4th quarter. Whitener Capital Management Inc. now owns 18,544 shares of the company’s stock valued at $344,000 after buying an additional 599 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Newell Brands by 67.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock valued at $29,000 after buying an additional 624 shares during the last quarter. Carroll Financial Associates Inc. grew its position in shares of Newell Brands by 31.7% in the 4th quarter. Carroll Financial Associates Inc. now owns 3,369 shares of the company’s stock valued at $65,000 after buying an additional 810 shares during the last quarter. IFP Advisors Inc grew its position in shares of Newell Brands by 6.4% in the 4th quarter. IFP Advisors Inc now owns 13,664 shares of the company’s stock valued at $251,000 after buying an additional 819 shares during the last quarter. Finally, First Hawaiian Bank grew its position in shares of Newell Brands by 6.5% in the 4th quarter. First Hawaiian Bank now owns 14,379 shares of the company’s stock valued at $268,000 after buying an additional 883 shares during the last quarter. 98.42% of the stock is currently owned by institutional investors.

About Newell Brands

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.

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Analyst Recommendations for Newell Brands (NYSE:NWL)

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