Newell Brands Inc (NWL) Stock Price & News - Google Finance (2024)

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Newell Brands Inc (NWL) Stock Price & News - Google Finance? ›

NWL Stock 12 Month Forecast

Based on 10 Wall Street analysts offering 12 month price targets for Newell Brands in the last 3 months. The average price target is $7.47 with a high forecast of $9.00 and a low forecast of $6.00.

NWL Stock 12 Month Forecast

Based on 10 Wall Street analysts offering 12 month price targets for Newell Brands in the last 3 months. The average price target is $7.47 with a high forecast of $9.00 and a low forecast of $6.00.

NWL is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 11.73 right now. For comparison, its industry sports an average P/E of 17.69. Over the past year, NWL's Forward P/E has been as high as 13.22 and as low as 6.58, with a median of 10.11.

Dividend Data

Newell Brands Inc.'s ( NWL ) dividend yield is 3.66%, which means that for every $100 invested in the company's stock, investors would receive $3.66 in dividends per year.

Newell Brands stock has received a consensus rating of hold. The average rating score is and is based on 12 buy ratings, 41 hold ratings, and 5 sell ratings.

Largest shareholders include BlackRock Inc., Pzena Investment Management Llc, Vanguard Group Inc, IJR - iShares Core S&P Small-Cap ETF, State Street Corp, Jpmorgan Chase & Co, Massachusetts Financial Services Co /ma/, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VWNDX - Vanguard Windsor Fund Investor ...

Westshore Terminals's analyst rating consensus is a Hold. This is based on the ratings of 4 Wall Streets Analysts.

During times of economic downturns with low interest rates, utilities become attractive. They exhibit lower volatility and provide a desirable source of predictable investment returns from the dividends they pay on their shares.

NWC Analyst Recommendation Trends

In the current month, NWC has received 3 Buy Ratings, 7 Hold Ratings, and 0 Sell Ratings.

What is the outlook for Newell Brands in 2024? ›

Full Year 2024 Outlook

The company continues to expect full year 2024 operating cash flow of $400 million to $500 million, including approximately $150 million to $200 million in cash payments associated with restructuring and related initiatives.

Shares of the consumer products company fell following disappointing guidance. Shares of Newell Brands (NWL 2.31%), the parent of brands like Rubbermaid and Elmer's, were heading lower today after the company posted solid fourth-quarter results but offered lackluster guidance for 2024.

The famed investor now holds a 7.38% position in Newell Brands (NWL) through his various entities after previous holding a stake of around 8%. Carl Icahn first started to build up his position in Newell Brands in Q1 of 2018 and snapped up shares incrementally until Q1 of 2020.

The ownership structure of Newell Brands (NWL) stock is a mix of institutional, retail and individual investors. Approximately 72.92% of the company's stock is owned by Institutional Investors, 10.33% is owned by Insiders and 16.75% is owned by Public Companies and Individual Investors.

Core sales (a Newell metric that eliminates the impact of M&A and other non-comparable factors such as category exits) declines accelerated into 2023, with core sales declines of around 12% and a Fitch-adjusted EBITDA margin of 10.4%, with EBITDA declining to $840 million from about $1.2 billion in 2022.

Should you be buying Newell Brands stock or one of its competitors? The main competitors of Newell Brands include Boston Beer (SAM), WD-40 (WDFC), BRF (BRFS), Simply Good Foods (SMPL), Nomad Foods (NOMD), Inter Parfums (IPAR), J&J Snack Foods (JJSF), Grocery Outlet (GO), BBB Foods (TBBB), and Utz Brands (UTZ).

The average price target for Ngl Energy Partners Lp is $6.00.