Somewhat Positive News Coverage Somewhat Unlikely to Affect Newell Brands (NYSE:NWL) Share Price
News coverage about Newell Brands (NYSE:NWL) has been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newell Brands earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.1734567532964 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Newell Brands: S&P 500’s Top Loser on January 25 (finance.yahoo.com)
- Newell Speeds Up Transformation, Dips on Soft Initial Results (finance.yahoo.com)
- Zacks Investment Research Lowers Newell Brands (NWL) to Sell (americanbankingnews.com)
- Newell Brands Sees Unusually High Options Volume (NWL) (americanbankingnews.com)
- Newell Brands (NWL) to Release Quarterly Earnings on Monday (americanbankingnews.com)
Shares of Newell Brands (NYSE:NWL) traded up $0.14 on Monday, reaching $25.47. 1,807,910 shares of the company’s stock traded hands, compared to its average volume of 9,742,156. The firm has a market cap of $12,410.00, a PE ratio of 9.78, a P/E/G ratio of 1.03 and a beta of 1.10. Newell Brands has a 12 month low of $23.85 and a 12 month high of $55.08. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80.
Newell Brands declared that its board has initiated a share buyback plan on Thursday, November 2nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
Several research firms have recently commented on NWL. KeyCorp reaffirmed an “overweight” rating and issued a $32.00 price objective (down from $40.00) on shares of Newell Brands in a report on Monday. Zacks Investment Research downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Monday. Deutsche Bank initiated coverage on shares of Newell Brands in a report on Wednesday, December 13th. They set a “hold” rating and a $32.00 price objective on the stock. BMO Capital Markets decreased their price objective on shares of Newell Brands to $25.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Royal Bank of Canada downgraded shares of Newell Brands from a “top pick” rating to an “outperform” rating and decreased their price objective for the company from $60.00 to $35.00 in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Newell Brands has a consensus rating of “Hold” and a consensus price target of $40.40.
In other news, CEO Michael B. Polk bought 7,000 shares of Newell Brands stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the acquisition, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.
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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