Investment Analysts’ Recent Ratings Updates for Newell Brands (NWL)

Newell Brands (NYSE: NWL) has recently received a number of price target changes and ratings updates:

  • 7/13/2017 – Newell Brands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Newell Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Newell Brands outperformed the Zacks categorized industry in the last three months on the back of its splendid earnings surprise history. Notably, Newell has delivered positive earnings surprise for almost seven years now. Further, the company remains on track with its Project Renewal Program, which is likely to generate annual cost savings of nearly $700 million by 2017 or early 2018. The company has also made significant progress on its Growth Game Plan that targets accelerating growth by simplifying and strengthening its portfolio. Also, the company’s recent dividend hike and raised normalized earnings guidance for 2017 reflect confidence in future prospects. However, the company’s significant global presence exposes it to currency woes, and any further prevalence of these headwinds in the future is likely to hurt results. Estimates have been stable ahead of the company's second quarter earnings release.”
  • 7/11/2017 – Newell Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Newell Brands outperformed the Zacks categorized industry in the last three months on the back of its splendid earnings surprise history. Notably, Newell has delivered positive earnings surprise for almost seven years now. Further, the company remains on track with its Project Renewal Program, which is likely to generate annual cost savings of nearly $700 million by 2017 or early 2018. The company has also made significant progress on its Growth Game Plan that targets accelerating growth by simplifying and strengthening its portfolio. Also, the company’s recent dividend hike and raised normalized earnings guidance for 2017 reflect confidence in future prospects. However, the company’s significant global presence exposes it to currency woes, and any further prevalence of these headwinds in the future is likely to hurt results. Estimates have been stable ahead of the company's second quarter earnings release.”
  • 7/6/2017 – Newell Brands had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $66.00 price target on the stock, up previously from $65.00.
  • 7/5/2017 – Newell Brands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/1/2017 – Newell Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Newell Brands outperformed the Zacks categorized industry in the last three months on the back of its splendid earnings surprise history. Notably, Newell has delivered positive earnings surprise for almost seven years now. Further, the company remains on track with its Project Renewal Program, which is likely to generate annual cost savings of nearly $700 million by 2017 or early 2018. The company has also made significant progress on its Growth Game Plan that targets accelerating growth by simplifying and strengthening its portfolio. Also, the company’s recent dividend hike and raised normalized earnings guidance for 2017 reflect confidence in future prospects. However, the company’s significant global presence exposes it to currency woes, and any further prevalence of these headwinds in the future is likely to hurt results. Estimates have been stable ahead of the company's second quarter earnings release.”
  • 6/22/2017 – Newell Brands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/8/2017 – Newell Brands had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.

Newell Brands Inc. (NYSE NWL) opened at 53.90 on Tuesday. The company’s 50 day moving average price is $53.17 and its 200 day moving average price is $48.72. Newell Brands Inc. has a 52-week low of $43.43 and a 52-week high of $55.45. The firm has a market cap of $26.04 billion, a PE ratio of 22.88 and a beta of 1.17.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 148.4% on a year-over-year basis. Analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

In other news, Director Thomas E. Clarke sold 5,353 shares of Newell Brands stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the sale, the director now directly owns 66,286 shares in the company, valued at $3,479,352.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by insiders.

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.

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