Looking To Buy Newell Brands Inc. (NWL)? Read This First

Newell Brands Inc. (NASDAQ:NWL) saw an upside of 0.59% to close Tuesday at $22.27 after adding $0.13 on the day. The 5-day average trading volume is 2,300,180 shares of the company’s common stock. It has gained $22.69 in the past week. An average of 2,475,545 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,133,150.

NWL’s 1-month performance is -11.10% or -$2.62 on its low of $21.56 reached on 10/06/21. The company’s shares have touched a 52-week low of $16.57 and high of $30.10, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, NWL has achieved 4.90% or $1.04. However, the current price is down -26.01%% from the 52-week high price.


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Insider Transactions

On May 07, 159 days have gone by since the last insider trading activity for Newell Brands Inc. (NWL). Peterson Christopher H (CFO & President, Bus. Op.) most recently sold 39,378 shares at $29.30 per share on May 07. This transaction cost the insider $1,153,775.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 85.54 and a low of 4.407. NWL stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.93 while the price-to-book (PB) in the most recent quarter is 2.38, with the price to cash flow ratio at 13.76.

Newell Brands Inc. pays an annual dividend of $0.92 per share. Its dividend yield is 4.13% and the payout ratio is 54.50%. NWL’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.23 a share compared with prior rate of $0.23, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.04 reported on Monday May 8 2017. Measured over the last 3 years, the Dividend has been growing by 4.55% yearly.

It is projected that Newell Brands Inc.’s next ex-dividend date will be on 29-Nov. NWL is expected to distribute $0.23 as its next dividend.

Newell Brands Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.20 meaning that NWL stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.23, while the total debt to equity was 1.38. In terms of profitability, the gross margin trailing 12 months is 32.80%. The trailing 12-month EBITDA margin is 13.44% while for the period ending June 29; Newell Brands Inc.’s operating margin was 10.50%. The firm’s gross profit as reported stood at $3.08 billion against revenue of $9.38 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NWL to announce $0.45 per share in earnings in its latest quarter, but it posted $0.56, representing a 24.40% surprise. EBITDA for the quarter stood at more than $385.0 million. NWL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.61 billion, with total debt at $6.13 billion. Shareholders hold equity totaling $425.4 million

Technical Picture

Let’s look briefly at Newell Brands Inc. (NWL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 36.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.45%.

The stock’s 5-day moving average is $22.21, reflecting a +0.32% or $0.07 change from its current price. NWL is currently trading -9.91% above its 20-day SMA, -21.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.38% and +4.95% respectively.

Stochastic %K and %D was 19.84% and 21.14% and the average true range (ATR) pointed at 0.66. The RSI (14) points at 36.36%, while the 14-day stochastic is at 24.53% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.71 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Newell Brands Inc. (NASDAQ: NWL), Wells Fargo upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for NWL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NWL as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is NWL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.46 and a high of $35.00, with their median price target at $26.50. Looking at these predictions, the average price target given by analysts is for Newell Brands Inc. (NWL) stock is $28.12.

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