Newell Brands Inc (NWL) Receives $25.62 Consensus Target Price from Brokerages
Newell Brands Inc (NYSE:NWL) has been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.23.
A number of research analysts have issued reports on NWL shares. Bank of America lifted their price objective on Newell Brands from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Deutsche Bank decreased their price objective on shares of Newell Brands to $23.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Citigroup decreased their price objective on shares of Newell Brands from $29.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 24th. Jefferies Financial Group decreased their price target on Newell Brands from $29.00 to $23.00 and set a “hold” rating for the company in a research note on Wednesday, August 8th. Finally, BMO Capital Markets decreased their target price on Newell Brands from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, August 8th.
In other news, CEO Michael B. Polk acquired 10,000 shares of Newell Brands stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average price of $20.63 per share, for a total transaction of $206,300.00. Following the completion of the transaction, the chief executive officer now owns 941,951 shares in the company, valued at $19,432,449.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is currently owned by corporate insiders.
NYSE NWL traded down $0.31 during trading hours on Monday, reaching $19.90. 7,711,971 shares of the company’s stock traded hands, compared to its average volume of 11,796,562. Newell Brands has a 52-week low of $15.11 and a 52-week high of $32.58. The stock has a market cap of $9.53 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 3.40 and a beta of 0.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.87 and a quick ratio of 2.44.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.55. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.51%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $0.86 EPS. Newell Brands’s revenue was down 7.7% on a year-over-year basis. Research analysts expect that Newell Brands will post 1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.62%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
Newell Brands Company Profile
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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