Newell Brands (NWL) Raised to Strong-Buy at Vetr

Newell Brands (NYSE:NWL) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm currently has a $29.00 price target on the stock. Vetr‘s price objective would suggest a potential upside of 14.40% from the stock’s previous close.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. set a $28.00 price objective on Newell Brands and gave the stock a “hold” rating in a research report on Monday, March 19th. Barclays set a $28.00 price objective on Newell Brands and gave the stock a “hold” rating in a research report on Thursday, March 15th. Citigroup restated a “buy” rating on shares of Newell Brands in a research report on Monday, March 5th. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Newell Brands in a research report on Tuesday, February 20th. Finally, Deutsche Bank upped their price objective on Newell Brands from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Newell Brands currently has a consensus rating of “Hold” and an average price target of $34.72.

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Shares of Newell Brands (NWL) opened at $25.35 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Newell Brands has a 1 year low of $23.85 and a 1 year high of $55.08. The firm has a market capitalization of $12,299.82, a price-to-earnings ratio of 4.50, a P/E/G ratio of 1.37 and a beta of 0.88.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company earned $0.80 EPS. Newell Brands’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts predict that Newell Brands will post 2.68 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of NWL. MUFG Americas Holdings Corp increased its stake in shares of Newell Brands by 566.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock valued at $104,000 after buying an additional 2,873 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at about $123,000. Patten Group Inc. increased its stake in shares of Newell Brands by 5,263.6% in the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock valued at $214,000 after buying an additional 6,790 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at about $215,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Newell Brands in the third quarter valued at about $226,000. 92.73% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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