Deutsche Bank Aktiengesellschaft Trims Newell Brands (NASDAQ:NWL) Target Price to $22.00

Newell Brands (NASDAQ:NWLGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $25.00 to $22.00 in a research note released on Tuesday, The Fly reports.

NWL has been the topic of a number of other research reports. TheStreet upgraded Newell Brands from a c+ rating to a b rating in a research report on Friday, April 29th. Raymond James dropped their price target on Newell Brands from $33.00 to $28.00 and set a strong-buy rating on the stock in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. dropped their price target on Newell Brands from $29.00 to $26.00 and set an overweight rating on the stock in a research report on Wednesday, March 30th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $24.60.

Shares of NASDAQ NWL opened at $19.46 on Tuesday. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 11.65 and a beta of 0.71. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.39 and a quick ratio of 0.66. The business has a 50-day moving average of $21.25 and a two-hundred day moving average of $22.25. Newell Brands has a 1 year low of $17.40 and a 1 year high of $27.82.

Newell Brands (NASDAQ:NWLGet Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Newell Brands had a return on equity of 19.95% and a net margin of 6.71%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $0.30 EPS. Newell Brands’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands will post 1.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Friday, May 27th. Newell Brands’s dividend payout ratio (DPR) is 55.09%.

Several large investors have recently made changes to their positions in NWL. EverSource Wealth Advisors LLC purchased a new stake in shares of Newell Brands during the 4th quarter worth approximately $25,000. Tcwp LLC purchased a new stake in Newell Brands in the 1st quarter valued at approximately $26,000. Fairfield Bush & CO. purchased a new stake in Newell Brands in the 1st quarter valued at approximately $26,000. Tyler Stone Wealth Management purchased a new stake in Newell Brands in the 4th quarter valued at approximately $30,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Newell Brands by 170.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,556 shares of the company’s stock valued at $34,000 after buying an additional 980 shares in the last quarter. 84.07% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile (Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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