Newell Brands Inc. (NWL) Earns Hold Rating from Oppenheimer Holdings, Inc.

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.

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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.

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