Newell Brands (NWL) Price Target Increased to $28.00 by Analysts at Deutsche Bank
Other equities analysts have also recently issued research reports about the company. Citigroup lowered their price target on Newell Brands from $63.00 to $42.00 and set a buy rating for the company in a report on Friday, November 3rd. Forward View reaffirmed a buy rating and issued a $35.00 target price on shares of Newell Brands in a report on Sunday, November 5th. Barclays reaffirmed a buy rating and issued a $35.00 target price on shares of Newell Brands in a report on Wednesday, December 6th. KeyCorp reaffirmed a buy rating and issued a $32.00 target price (down previously from $40.00) on shares of Newell Brands in a report on Monday, January 29th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $35.00 target price on shares of Newell Brands in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $34.50.
Newell Brands (NYSE:NWL) opened at $26.83 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 fifty-two week low of $23.85 and a fifty-two week high of $55.08. The company has a market capitalization of $13,150.00, a price-to-earnings ratio of 12.42, a PEG ratio of 1.33 and a beta of 0.89.
Newell Brands announced that its board has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.43%. Newell Brands’s dividend payout ratio (DPR) is presently 42.59%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp grew its position in shares of Newell Brands by 566.7% in the 4th 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 last quarter. Parkside Investments LLC bought a new stake in shares of Newell Brands in the 3rd quarter valued at about $107,000. Cerebellum GP LLC bought a new stake in shares of Newell Brands in the 4th quarter valued at about $123,000. WINTON GROUP Ltd bought a new stake in shares of Newell Brands in the 2nd quarter valued at about $202,000. Finally, Patten Group Inc. grew its position in shares of Newell Brands by 5,263.6% in the 4th 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 last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
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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