Newell Brands (NWL) Stock Rating Reaffirmed by FIX
FIX restated their hold rating on shares of Newell Brands (NYSE:NWL) in a research report report published on Thursday, The Fly reports. They currently have a $23.00 price target on the stock.
A number of other analysts also recently commented on the company. ValuEngine downgraded Newell Brands from a buy rating to a hold rating in a research report on Friday, February 2nd. Oppenheimer reiterated a hold rating on shares of Newell Brands in a research report on Tuesday, January 30th. SunTrust Banks reiterated a buy rating and set a $35.00 target price on shares of Newell Brands in a research report on Tuesday, January 30th. Zacks Investment Research cut Newell Brands from a hold rating to a sell rating in a report on Monday, January 29th. Finally, KeyCorp reissued a buy rating and issued a $32.00 price target (down from $40.00) on shares of Newell Brands in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $39.06.
Shares of Newell Brands (NYSE:NWL) opened at $27.61 on Thursday. 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 company has a market capitalization of $13,531.66, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Newell Brands has a 12-month low of $23.85 and a 12-month high of $55.08.
In related news, CEO Michael B. Polk purchased 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was bought 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 directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. MUFG Americas Holdings Corp increased its stake in 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 purchasing an additional 2,873 shares during the last quarter. Parkside Investments LLC acquired a new position in Newell Brands in the third quarter valued at $107,000. Cerebellum GP LLC acquired a new position in Newell Brands in the fourth quarter valued at $123,000. BB&T Investment Services Inc. acquired a new position in Newell Brands in the second quarter valued at $143,000. Finally, WINTON GROUP Ltd acquired a new position in Newell Brands in the second quarter valued at $202,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
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Newell Brands Company Profile
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.
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