Newell Brands Inc. (NASDAQ:NWL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have received an average rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.53.

Several analysts have issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Truist Financial dropped their price objective on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. Finally, Wall Street Zen raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Sunday, May 4th.

Newell Brands Stock Performance

NASDAQ NWL opened at $5.12 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. The firm’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $7.14. Newell Brands has a 1 year low of $4.22 and a 1 year high of $11.78. The firm has a market capitalization of $2.14 billion, a P/E ratio of -8.68 and a beta of 0.97.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands’s payout ratio is -47.46%.

Institutional Trading of Newell Brands

Institutional investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Newell Brands in the 4th quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its position in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter valued at approximately $46,000. NBC Securities Inc. raised its position in shares of Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after buying an additional 10,258 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Newell Brands in the 1st quarter valued at approximately $66,000. Institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.