Newell Brands (NYSE:NWL) Receives “Buy” Rating from Barclays

Newell Brands (NYSE:NWL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Wednesday, December 6th. They presently have a $35.00 price objective on the stock. Barclays’ price target indicates a potential upside of 13.27% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. TheStreet cut Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. BMO Capital Markets decreased their target price on Newell Brands from $45.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Forward View reissued a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research note on Sunday, November 5th. Citigroup decreased their target price on Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Morgan Stanley reduced their price objective on Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $46.73.

Newell Brands (NWL) traded down $0.13 during trading hours on Wednesday, reaching $30.90. The company’s stock had a trading volume of 2,924,820 shares, compared to its average volume of 5,587,402. Newell Brands has a 1 year low of $27.45 and a 1 year high of $55.08. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $15,207.80, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10.

Newell Brands (NYSE:NWL) last posted its earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. equities analysts expect that Newell Brands will post 2.81 earnings per share for the current year.

Newell Brands declared that its Board of Directors has approved a stock repurchase plan on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

In related news, CEO Michael B. Polk purchased 7,000 shares of Newell Brands stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the transaction, the chief executive officer now owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BDO Wealth Advisors LLC acquired a new position in Newell Brands during the second quarter valued at approximately $107,000. Parkside Investments LLC bought a new stake in Newell Brands in the third quarter valued at approximately $107,000. Harfst & Associates Inc. raised 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 during the period. BB&T Investment Services Inc. bought a new stake in Newell Brands in the second quarter valued at approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. raised 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 during the period. 94.30% 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.

Analyst Recommendations for Newell Brands (NYSE:NWL)

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