Newell Brands (NASDAQ:NWL) Upgraded at TheStreet

TheStreet upgraded shares of Newell Brands (NASDAQ:NWL) from a c+ rating to a b rating in a research report report published on Friday morning, TheStreetRatingsTable reports.

A number of other brokerages also recently issued reports on NWL. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Newell Brands from $24.00 to $26.00 and gave the stock a hold rating in a research note on Monday. Zacks Investment Research cut shares of Newell Brands from a strong-buy rating to a hold rating and set a $28.00 target price on the stock. in a report on Monday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of Newell Brands from $26.00 to $28.00 and gave the company a neutral rating in a research note on Friday, April 16th. Bank of America raised shares of Newell Brands from a neutral rating to a buy rating and boosted their price objective for the company from $24.00 to $27.00 in a research note on Friday, January 8th. Finally, Morgan Stanley boosted their target price on shares of Newell Brands from $27.00 to $29.00 and gave the stock an equal weight rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Newell Brands has an average rating of Hold and an average target price of $25.30.

Newell Brands stock opened at $27.78 on Friday. Newell Brands has a 12-month low of $11.05 and a 12-month high of $28.10. The stock has a market cap of $11.82 billion, a P/E ratio of -106.84, a PEG ratio of 5.05 and a beta of 1.06. The company has a 50-day moving average price of $26.58 and a 200 day moving average price of $23.61. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Thursday, April 29th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.17. Newell Brands had a negative net margin of 1.11% and a positive return on equity of 17.83%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, analysts forecast that Newell Brands will post 1.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $0.92 annualized dividend and a yield of 3.31%. Newell Brands’s dividend payout ratio is currently 54.12%.

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Newell Brands by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 575,849 shares of the company’s stock worth $12,225,000 after purchasing an additional 42,008 shares in the last quarter. Rhumbline Advisers boosted its position in Newell Brands by 0.9% during the 4th quarter. Rhumbline Advisers now owns 621,995 shares of the company’s stock worth $13,205,000 after acquiring an additional 5,312 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Newell Brands during the 4th quarter worth approximately $5,575,000. Aristotle Capital Boston LLC boosted its holdings in shares of Newell Brands by 0.6% in the 4th quarter. Aristotle Capital Boston LLC now owns 706,748 shares of the company’s stock valued at $15,004,000 after buying an additional 4,041 shares during the last quarter. Finally, Prosperity Planning Inc. acquired a new stake in shares of Newell Brands in the 4th quarter valued at approximately $346,000. 86.50% of the stock is owned by institutional investors.

Newell Brands Company Profile

Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Appliances and Cookware; Commercial Solutions, Home Solutions; Learning and Development; and Outdoor and Recreation. The Appliances and Cookware segment designs, manufactures, sources, markets and distributes a diverse line of household products.

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Analyst Recommendations for Newell Brands (NASDAQ:NWL)

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