Newell Brands Inc. (NASDAQ:NWL) Stock Has Average Price Target of $6.62 According to Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $6.62.

NWL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Canaccord Genuity Group increased their price objective on Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup cut their target price on shares of Newell Brands from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Wall Street Zen cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Weiss Ratings raised shares of Newell Brands from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, November 2nd.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in shares of Newell Brands during the second quarter worth about $3,851,000. Bank of America Corp DE bought a new stake in shares of Newell Brands in the second quarter worth about $6,972,000. Jupiter Topco LLC bought a new stake in shares of Newell Brands in the second quarter worth about $1,162,000. Hsbc Holdings PLC increased its holdings in Newell Brands by 264.0% during the 2nd quarter. Hsbc Holdings PLC now owns 240,392 shares of the company’s stock valued at $1,447,000 after purchasing an additional 174,357 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Newell Brands during the 1st quarter valued at about $1,261,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 1.7%

Shares of NASDAQ:NWL opened at $5.76 on Friday. The stock has a market capitalization of $2.45 billion, a P/E ratio of -7.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.88. The stock’s 50-day moving average price is $5.63 and its 200-day moving average price is $4.90. The company has a current ratio of 1.27, a quick ratio of 0.67 and a debt-to-equity ratio of 2.05. Newell Brands has a 12-month low of $3.20 and a 12-month high of $7.13.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 30th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. Newell Brands’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities analysts anticipate that Newell Brands will post 0.76 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.28 annualized dividend and a yield of 4.9%. Newell Brands’s dividend payout ratio is presently -36.36%.

About Newell Brands

Newell Brands Inc. is a global consumer goods company that develops and sells products for homes, workplaces and outdoor activities. Its portfolio includes household and food-storage products, writing instruments, baby gear, outdoor equipment, appliances, and home-fragrance products. Its brands include Rubbermaid, Sharpie, Paper Mate, Graco, Coleman, Yankee Candle, Mr. Coffee and Crock-Pot. The company serves consumers and businesses through retailers, e-commerce platforms and other distribution channels in markets around the world.