Newell Brands (NYSE:NWL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
Several other research firms also recently issued reports on NWL. KeyCorp set a $60.00 price objective on shares of Newell Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Jefferies Group restated a “hold” rating and issued a $47.00 price objective on shares of Newell Brands in a research note on Thursday, October 19th. JPMorgan Chase & Co. downgraded shares of Newell Brands from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $56.00 to $63.00 in a research note on Thursday, November 2nd. Oppenheimer restated a “hold” rating and issued a $42.00 price objective on shares of Newell Brands in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Newell Brands currently has an average rating of “Hold” and a consensus price target of $40.06.
Newell Brands (NWL) opened at $27.40 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. Newell Brands has a 12 month low of $23.85 and a 12 month high of $55.08. The stock has a market cap of $13,430.00, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10.
In other Newell Brands news, CEO Michael B. Polk bought 7,000 shares of Newell Brands stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the acquisition, the chief executive officer now owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Investments LLC purchased a new position in Newell Brands during the third quarter worth about $107,000. Cerebellum GP LLC purchased a new position in Newell Brands during the fourth quarter worth about $123,000. BB&T Investment Services Inc. purchased a new position in Newell Brands during the second quarter worth about $143,000. WINTON GROUP Ltd purchased a new position in Newell Brands during the second quarter worth about $202,000. Finally, Belpointe Asset Management LLC purchased a new position in Newell Brands during the third quarter worth about $226,000. 93.84% of the stock is owned by hedge funds and other institutional investors.
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About Newell Brands
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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