ValuEngine Lowers Newell Brands (NWL) to Hold

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.

Newell Brands announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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