BMO Capital Markets Reiterates “$51.00” Price Target for Newell Brands Inc. (NYSE:NWL)

BMO Capital Markets set a $51.00 price target on Newell Brands Inc. (NYSE:NWL) in a report released on Saturday, August 5th. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company downgraded Newell Brands from an outperform rating to a market perform rating and set a $50.00 price target for the company. in a research note on Monday, May 1st. Zacks Investment Research downgraded Newell Brands from a buy rating to a hold rating in a research note on Thursday, April 20th. B. Riley reaffirmed a buy rating and set a $71.00 price target on shares of Newell Brands in a research note on Friday, April 14th. Jefferies Group LLC reaffirmed a buy rating and set a $66.00 price target (up from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Finally, BidaskClub downgraded Newell Brands from a buy rating to a hold rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Newell Brands has a consensus rating of Buy and a consensus price target of $58.07.

Newell Brands (NYSE NWL) traded down 0.98% on Friday, hitting $49.66. 2,958,457 shares of the stock were exchanged. The company’s 50-day moving average is $52.25 and its 200-day moving average is $50.17. Newell Brands has a 52 week low of $43.43 and a 52 week high of $55.08. The company has a market cap of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17.

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

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is currently 36.95%.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Newell Brands by 2.8% in the second quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock worth $2,567,193,000 after buying an additional 1,305,820 shares during the period. Capital World Investors raised its stake in shares of Newell Brands by 2.0% in the second quarter. Capital World Investors now owns 31,195,887 shares of the company’s stock valued at $1,672,723,000 after buying an additional 610,973 shares during the last quarter. BlackRock Inc. raised its stake in shares of Newell Brands by 1.8% in the second quarter. BlackRock Inc. now owns 30,518,491 shares of the company’s stock valued at $1,636,402,000 after buying an additional 543,779 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Newell Brands by 112.5% in the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Newell Brands by 0.5% in the second quarter. FMR LLC now owns 11,462,512 shares of the company’s stock valued at $614,621,000 after buying an additional 52,553 shares during the last quarter. 94.87% of the stock is currently owned by hedge funds and other institutional investors.

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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