Citigroup set a $24.00 target price on Newell Brands (NYSE:NWL) in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.
NWL has been the subject of several other research reports. Wells Fargo & Co reiterated a buy rating and set a $36.00 price target on shares of Newell Brands in a research note on Thursday, December 20th. Zacks Investment Research upgraded Newell Brands from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Monday, January 7th. TheStreet downgraded Newell Brands from a c rating to a d rating in a research note on Friday, November 2nd. Deutsche Bank increased their price target on Newell Brands from $20.00 to $21.00 and gave the stock a hold rating in a research note on Monday, November 5th. Finally, Jefferies Financial Group cut their price target on Newell Brands to $20.00 and set a hold rating for the company in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $22.00.
NYSE:NWL traded down $0.23 during trading on Wednesday, reaching $17.06. The company’s stock had a trading volume of 10,761,272 shares, compared to its average volume of 6,688,295. The company has a market capitalization of $7.96 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands has a 12 month low of $15.11 and a 12 month high of $29.55.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, February 15th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.30. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.43 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Sell-side analysts anticipate that Newell Brands will post 1.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 5.39%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
In related news, SVP James L. Cunningham III sold 22,331 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $23.45, for a total transaction of $523,661.95. Following the sale, the senior vice president now owns 7,321 shares of the company’s stock, valued at approximately $171,677.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of NWL. Proficio Capital Partners LLC raised its holdings 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 acquiring an additional 624 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at about $31,000. JOYN Advisors Inc. raised its holdings in shares of Newell Brands by 232.3% in the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock valued at $32,000 after acquiring an additional 1,215 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Newell Brands by 459.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock valued at $36,000 after acquiring an additional 1,607 shares in the last quarter. Finally, We Are One Seven LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at about $49,000. 98.42% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: How to Invest in an Index Fund
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.