Newell Brands Inc (NYSE:NWL) has earned a consensus recommendation of “Hold” from the twenty research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.00.
Several brokerages have recently issued reports on NWL. Citigroup lowered their price target on Newell Brands from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 price target on shares of Newell Brands in a research report on Wednesday, August 8th. BMO Capital Markets lowered their price target on Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Jefferies Financial Group lowered their price target on Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Finally, Bank of America lowered their price target on Newell Brands from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th.
In related news, CEO Michael B. Polk acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were bought at an average cost of $20.63 per share, with a total value of $206,300.00. Following the completion of the acquisition, the chief executive officer now owns 941,951 shares of the company’s stock, valued at $19,432,449.13. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Craigie acquired 11,500 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average cost of $21.33 per share, for a total transaction of $245,295.00. Following the completion of the acquisition, the director now directly owns 14,081 shares of the company’s stock, valued at approximately $300,347.73. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by insiders.
Shares of NYSE:NWL traded down $0.23 during midday trading on Friday, hitting $21.77. The company’s stock had a trading volume of 128,844 shares, compared to its average volume of 6,114,571. The company has a market cap of $10.22 billion, a P/E ratio of 7.98, a P/E/G ratio of 5.02 and a beta of 0.62. Newell Brands has a fifty-two week low of $20.21 and a fifty-two week high of $43.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.74 and a current ratio of 3.17.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $3.83 billion. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. equities analysts predict that Newell Brands will post 0.89 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, August 30th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
Newell Brands announced that its board has authorized a share repurchase plan on Monday, June 11th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 19.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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