Newell Brands (NASDAQ:NWL) Price Target Raised to $9.00

Newell Brands (NASDAQ:NWL) had its price objective upped by Wells Fargo & Company from $8.00 to $9.00 in a research note published on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts also recently commented on NWL. Canaccord Genuity Group raised their target price on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Truist Financial raised their price target on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.90.

Newell Brands Trading Down 1.9 %

NASDAQ NWL opened at $8.80 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands has a one year low of $5.39 and a one year high of $9.68. The company’s 50 day moving average price is $7.57 and its 200 day moving average price is $7.36. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -14.67, a PEG ratio of 1.52 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts predict that Newell Brands will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.18%. Newell Brands’s payout ratio is currently -46.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its stake in shares of Newell Brands by 15.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock worth $620,000 after acquiring an additional 10,240 shares during the period. M&G Plc acquired a new position in Newell Brands in the 1st quarter worth approximately $9,992,000. Texas Permanent School Fund Corp raised its stake in Newell Brands by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company’s stock valued at $2,673,000 after purchasing an additional 4,291 shares during the period. Empowered Funds LLC acquired a new stake in Newell Brands during the 1st quarter worth about $80,000. Finally, Dimensional Fund Advisors LP grew its position in Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Company Profile

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.