Newell Brands Inc. (NWL) Downgraded to “Hold” at Jefferies Group LLC

Jefferies Group LLC cut shares of Newell Brands Inc. (NYSE:NWL) from a buy rating to a hold rating in a report issued on Monday morning. They currently have $49.00 price target on the stock, down from their prior price target of $63.00. Jefferies Group also issued estimates for Newell Brands’ Q3 2017 earnings at $0.93 EPS, Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.00 EPS, FY2018 earnings at $3.60 EPS, FY2018 earnings at $3.30 EPS and FY2019 earnings at $4.20 EPS.

NWL has been the topic of a number of other reports. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a hold rating in a report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 price objective on Newell Brands and gave the company a buy rating in a report on Monday, August 7th. BidaskClub cut Newell Brands from a sell rating to a strong sell rating in a report on Thursday, August 24th. Zacks Investment Research raised Newell Brands from a hold rating to a buy rating and set a $59.00 price objective on the stock in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reissued a buy rating and set a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $57.36.

Shares of Newell Brands (NYSE NWL) opened at 44.02 on Monday. Newell Brands has a 12-month low of $42.88 and a 12-month high of $55.08. The stock’s 50 day moving average price is $49.84 and its 200 day moving average price is $50.34. The company has a market capitalization of $21.57 billion, a PE ratio of 17.58 and a beta of 1.19.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. Newell Brands’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. On average, equities research analysts forecast that Newell Brands will post $3.01 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 annualized dividend and a yield of 2.09%. Newell Brands’s payout ratio is 36.95%.

Hedge funds have recently modified their holdings of the company. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $107,000. Harfst & Associates Inc. bought a new stake in shares of Newell Brands in the 1st quarter worth approximately $103,000. Israel Discount Bank of New York bought a new stake in shares of Newell Brands in the 1st quarter worth approximately $112,000. BB&T Investment Services Inc. bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $143,000. Finally, Parallel Advisors LLC grew its position in shares of Newell Brands by 23.0% in the 1st quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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