Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Price Target at $8.70

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.70.

A number of analysts have commented on the company. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. Morgan Stanley decreased their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Royal Bank of Canada dropped their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Finally, Wells Fargo & Company boosted their price target on Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th.

Institutional Investors Weigh In On Newell Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP lifted its position in shares of Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after acquiring an additional 2,437 shares during the period. NBC Securities Inc. lifted its position in Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after purchasing an additional 1,780 shares during the period. Quest Partners LLC acquired a new stake in Newell Brands during the fourth quarter worth about $45,000. Authentikos Wealth Advisory LLC bought a new position in Newell Brands in the 3rd quarter valued at about $51,000. Finally, GAMMA Investing LLC acquired a new position in shares of Newell Brands in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Trading Up 0.1 %

Shares of NASDAQ:NWL opened at $7.86 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $3.26 billion, a PE ratio of -10.92, a P/E/G ratio of 1.48 and a beta of 0.95. Newell Brands has a 1 year low of $6.49 and a 1 year high of $11.61. The firm has a fifty day moving average price of $7.67 and a 200 day moving average price of $7.88.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. Analysts expect that Newell Brands will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.56%. Newell Brands’s payout ratio is -38.89%.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.