Newell Brands (NYSE:NWL)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a research note issued to investors on Tuesday. They currently have a $27.00 target price on the stock. Royal Bank of Canada’s price target points to a potential downside of 4.36% from the company’s previous close.
Several other research analysts have also commented on NWL. Oppenheimer restated a “hold” rating and set a $42.00 price target on shares of Newell Brands in a research report on Tuesday, October 31st. JPMorgan Chase & Co. lowered Newell Brands from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $56.00 to $63.00 in a research report on Thursday, November 2nd. Raymond James Financial restated a “market perform” rating on shares of Newell Brands in a research report on Friday, November 3rd. Morgan Stanley lowered their price target on Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, Citigroup lowered their price target on Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.00.
Newell Brands (NYSE:NWL) opened at $28.23 on Tuesday. Newell Brands has a 52-week low of $23.85 and a 52-week high of $55.08. The company has a market capitalization of $13,835.52, a price-to-earnings ratio of 5.01, a PEG ratio of 1.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. equities research analysts predict that Newell Brands will post 2.7 EPS for the current year.
Newell Brands declared that its board has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Newell Brands by 2.9% in the third quarter. American Century Companies Inc. now owns 7,946,423 shares of the company’s stock valued at $339,074,000 after purchasing an additional 225,484 shares during the period. Franklin Resources Inc. raised its stake in Newell Brands by 178.9% in the fourth quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock valued at $238,427,000 after buying an additional 4,949,143 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Newell Brands by 211.5% in the fourth quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after buying an additional 3,537,489 shares in the last quarter. Geode Capital Management LLC raised its stake in Newell Brands by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 5,184,895 shares of the company’s stock valued at $159,881,000 after buying an additional 199,770 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Newell Brands by 7.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock valued at $134,757,000 after buying an additional 296,965 shares in the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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