Oppenheimer Holdings, Inc. reiterated their hold rating on shares of Newell Brands Inc. (NYSE:NWL) in a research report released on Tuesday morning. Oppenheimer Holdings, Inc. currently has a $42.00 target price on the stock. Oppenheimer Holdings also issued estimates for Newell Brands’ Q3 2017 earnings at $0.87 EPS, Q4 2017 earnings at $0.87 EPS, FY2017 earnings at $2.95 EPS, FY2018 earnings at $3.25 EPS and FY2019 earnings at $3.60 EPS.
Several other equities research analysts have also recently weighed in on NWL. BidaskClub upgraded shares of Newell Brands from a hold rating to a buy rating in a research report on Wednesday, July 5th. Jefferies Group LLC reiterated a buy rating and set a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Newell Brands from a buy rating to a hold rating in a research report on Tuesday, July 11th. BMO Capital Markets set a $51.00 price target on shares of Newell Brands and gave the stock a hold rating in a research report on Saturday, August 5th. Finally, J P Morgan Chase & Co set a $61.00 price target on shares of Newell Brands and gave the stock a buy rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $55.00.
Newell Brands (NYSE NWL) traded down $10.77 on Tuesday, reaching $30.01. 47,531,743 shares of the company’s stock traded hands, compared to its average volume of 6,814,859. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 10.46 and a beta of 1.20.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. equities research analysts predict that Newell Brands will post 2.8 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Newell Brands Inc. (NWL) Earns Hold Rating from Oppenheimer Holdings, Inc.” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/03/newell-brands-inc-nwl-earns-hold-rating-from-oppenheimer-holdings-inc.html.
Newell Brands declared that its board has authorized a stock repurchase program on Tuesday, September 26th that permits the company to buyback $256.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO Michael B. Polk acquired 5,000 shares of Newell Brands stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $43.61 per share, with a total value of $218,050.00. Following the purchase, the chief executive officer now directly owns 609,296 shares of the company’s stock, valued at $26,571,398.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott S. Cowen acquired 2,000 shares of Newell Brands stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now directly owns 87,883 shares in the company, valued at $3,831,698.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,100 shares of company stock worth $309,715 in the last three months. 0.97% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in NWL. BDO Wealth Advisors LLC bought a new position in Newell Brands in the second quarter valued at approximately $107,000. Harfst & Associates Inc. lifted its stake in Newell Brands by 14.4% in the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock valued at $134,000 after buying an additional 315 shares in the last quarter. BB&T Investment Services Inc. bought a new position in Newell Brands in the second quarter valued at approximately $143,000. Oppenheimer Asset Management Inc. bought a new position in Newell Brands in the first quarter valued at approximately $156,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Newell Brands by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock valued at $169,000 after buying an additional 1,088 shares in the last quarter. 92.24% of the stock is currently owned by institutional investors and hedge funds.
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.