Newell Brands (NYSE:NWL)‘s stock had its “hold” rating restated by analysts at FIX in a report issued on Thursday, The Fly reports. They presently have a $23.00 price objective on the stock. FIX’s price objective would indicate a potential downside of 16.70% from the stock’s previous close.

Several other brokerages also recently issued reports on NWL. KeyCorp set a $60.00 price objective on Newell Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Jefferies Group reaffirmed a “hold” rating and set a $47.00 price target on shares of Newell Brands in a research note on Thursday, October 19th. JPMorgan Chase & Co. downgraded 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 note on Thursday, November 2nd. Oppenheimer reaffirmed a “hold” rating and set a $42.00 price target on shares of Newell Brands in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Newell Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.06.

Shares of Newell Brands (NWL) opened at $27.61 on Thursday. The stock has a market capitalization of $13,678.69, a PE ratio of 10.66, a P/E/G ratio of 1.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. Newell Brands has a one year low of $23.85 and a one year high of $55.08.

Newell Brands declared that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, CEO Michael B. Polk acquired 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Parkside Investments LLC bought a new position in shares of Newell Brands in the 3rd quarter valued at approximately $107,000. BB&T Investment Services Inc. bought a new position in shares of Newell Brands in the 2nd quarter valued at approximately $143,000. MUFG Americas Holdings Corp raised its stake in shares of Newell Brands by 566.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock valued at $104,000 after acquiring an additional 2,873 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Newell Brands in the 2nd quarter valued at approximately $202,000. Finally, Cerebellum GP LLC bought a new position in shares of Newell Brands in the 4th quarter valued at approximately $123,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Newell Brands (NYSE:NWL)

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