Newell Brands (NYSE:NWL) had its target price boosted by equities researchers at Deutsche Bank from $23.00 to $28.00 in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 2.23% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Newell Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup reduced 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. Barclays reiterated a “buy” rating and set a $35.00 target price on shares of Newell Brands in a research note on Wednesday, December 6th. TheStreet cut Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Newell Brands in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $34.50.
Newell Brands (NYSE:NWL) opened at $27.39 on Monday. The firm has a market capitalization of $13,420.00, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. Newell Brands has a fifty-two week low of $23.85 and a fifty-two week high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83.
Newell Brands announced that its board has initiated a stock buyback plan on Thursday, November 2nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Several hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Newell Brands by 20.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 476,569 shares of the company’s stock valued at $14,726,000 after acquiring an additional 79,600 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Newell Brands by 60.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,700 shares of the company’s stock valued at $763,000 after acquiring an additional 9,300 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter valued at approximately $4,686,000. KLCM Advisors Inc. raised its position in shares of Newell Brands by 8.5% during the 4th quarter. KLCM Advisors Inc. now owns 166,021 shares of the company’s stock valued at $5,130,000 after acquiring an additional 12,996 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Newell Brands by 177.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 613,595 shares of the company’s stock valued at $18,960,000 after acquiring an additional 392,305 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.
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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