Royal Bank Of Canada Downgrades Newell Brands Inc

Royal Bank Of Canada Downgrades Newell Brands Inc

The business's quarterly revenue was down 7.0% compared to the same quarter previous year. NWL has diverse figures for different time frames; starting from week's performance reduced -25.72% in last five regular trading sessions. Newell Brands Inc (NYSE:NWL) has risen 11.94% since November 2, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Ratings analysis reveals 67% of Newell Rubbermaid Inc.'s analysts are positive. (NYSE:NWL). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. More interesting news about Newell Brands Inc (NYSE:NWL) were released by: Mlive.com and their article: "Zoetis and Newell Brands receive tax breaks from city of Kalamazoo" published on October 04, 2017 as well as Fool.com's news article titled: "Why Newell Brands' Stock Fell 12% in September" with publication date: October 03, 2017.

Volume patterns are useful for gauging the level of conviction behind price changes, and can be used to make predictions about future price movements. Newell Rubbermaid Inc. had 41 analyst reports since August 4, 2015 according to SRatingsIntel. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the company a "buy" rating in a report on Monday, August 7th. The rating was maintained by RBC Capital Markets on Tuesday, September 8 with "Outperform". For the next 5 years, Newell Brands Inc.is expecting Growth of 9.58% per annum, whereas in the past 5 years the growth was 9.39% per annum. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with "Buy". Zacks Investment Research raised Newell Brands from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a research note on Wednesday, July 12th. The firm has "Buy" rating by Gabelli given on Monday, February 8. The company was upgraded on Wednesday, December 16 by RBC Capital Markets. Also, Director Scott S. Cowen acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, September 11th. UBS has "Buy" rating and $55 target. TD Securities maintained the shares of PXT in report on Friday, August 12 with "Hold" rating.


Investors of record on Wednesday, August 31st were given a $0.19 dividend. It last reported revenues of $44 million and EPS of -$1.11 for the December 2017, representing -40% top-line growth and 0.12 EPS growth. It is negative, as 57 investors sold NWL shares while 227 reduced holdings. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Connecticut-based Virtus Advisers Inc has invested 1.06% in Newell Brands Inc (NYSE:NWL). Tokio Marine Asset Management holds 5,120 shares. State Teachers Retirement holds 0.09% or 689,982 shares in its portfolio. Dimensional Fund Advisors Lp acquired 131,758 shares as Stonegate Bk Ft Lauderdale F (SGBK)'s stock declined 3.20%. M&R Management has invested 0% in Newell Brands Inc (NYSE:NWL). 5,150 are held by Savant Cap Limited Liability Com. Moreover, Jacobs & Com Ca has 1% invested in Newell Brands Inc (NYSE:NWL) for 94,765 shares. (NYSE:NWL) is performing -32.79%. Willow Creek Wealth Mgmt accumulated 30,980 shares. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares in the company, valued at $26,571,398.56. Capital World Investors grew its holdings in shares of Newell Brands by 2.0% during the second quarter. Dekabank Deutsche Girozentrale invested in 0.39% or 926,585 shares. Finally, FMR LLC grew its holdings in shares of Newell Brands by 0.5% during the second quarter. (NYSE:AZO). Koch Ind invested in 0.08% or 297,731 shares. $85,888 worth of Newell Brands Inc (NYSE:NWL) was sold by Cunningham James L III. Taurus Asset Management Llc who had been investing in Newell Brands Inc for a number of months, seems to be less bullish one the $20.15 billion market cap company.

URU Metals Limited is engaged in exploration and development of mineral properties in South Africa and Sweden.

The last straw for some investors was management cutting Newell's 2017 adjusted earnings-per-share outlook from the original range of $3 to $3.20 down to $2.80 to $2.85 and also slashing its revenue guidance from between $14.8 billion to $15.0 billion down to a range of $14.7 billion to $14.8 billion.

Related Articles