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.

Newell Brands declared that its board has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.

The Fly

Analyst Recommendations for Newell Brands (NYSE:NWL)

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