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.
WARNING: This article was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/19/newell-brands-inc-nysenwl-given-a-51-00-price-target-by-bmo-capital-markets-analysts-updated.html.
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.
What are top analysts saying about Newell Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Newell Brands Inc. and related companies.