Newell Brands’ (NWL) Buy Rating Reaffirmed at Jefferies Group LLC

Newell Brands Inc. (NYSE:NWL)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research report issued to clients and investors on Monday, August 7th, reports. They presently have a $65.00 target price on the stock, down from their previous target price of $66.00. Jefferies Group LLC’s target price would indicate a potential upside of 30.89% from the company’s current price. Jefferies Group also issued estimates for Newell Brands’ Q3 2017 earnings at $1.01 EPS, Q4 2017 earnings at $0.94 EPS, FY2017 earnings at $3.16 EPS, FY2018 earnings at $3.71 EPS and FY2019 earnings at $4.32 EPS.

The analysts wrote, “NWL’s 2Q results were good (not great), but co. is broadly delivering against its plan with growth across geos (incl. 2% in US), enhanced scale in e-com, a war chest of cost synergies, and results poised to inflect in 2H (w/bigger innovation still to come in ’18). CEO Polk has charted a clear path fwd (w/strong track record of delivery) and NWL’s depressed multiple (12x ’19 P/E vs. 19x staples) creates an asymmetrical risk-reward. Remains a top pick – $65 PT. Mixed 2Q qtr impacted by tough retail env’t: The market was looking for 3% core sales growth in 2Q, so NWL’s +2.5% was a bit light, though would have been > 3% ex- retailer destocking in fishing/fresh preserving and a customer bankruptcy. Encouragingly, NWL’s growth was broad-based across its geos, the co. is gaining share (~60 bps YoY in the US), and results are poised to inflect in 2H (+3.5% vs. +2.5% in 2H) even ahead of any yield on the big investments on consumer insights (mid-2018).””

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, April 11th. B. Riley reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Newell Brands in a research note on Friday, April 14th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a report on Monday, May 1st. Finally, UBS AG set a $60.00 target price on Newell Brands and gave the company a “buy” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.07.

Newell Brands (NYSE:NWL) traded down 0.98% on Monday, hitting $49.66. 2,958,457 shares of the stock traded hands. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.08. The firm has a 50-day moving average price of $52.25 and a 200-day moving average price of $50.17. The company has a market capitalization of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17.

Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast that Newell Brands will post $3.12 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harfst & Associates Inc. bought a new position in Newell Brands during the first quarter worth about $103,000. BDO Wealth Advisors LLC acquired a new position in shares of Newell Brands during the second quarter worth about $107,000. Israel Discount Bank of New York acquired a new position in shares of Newell Brands during the first quarter worth about $112,000. Parallel Advisors LLC raised its position in shares of Newell Brands by 23.0% in the first 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 period. Finally, BB&T Investment Services Inc. acquired a new position in shares of Newell Brands during the second quarter worth about $143,000. Institutional investors and hedge funds own 94.87% 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.

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