Economy

BMO Capital Markets Cuts Newell Brands (NWL) Price Target to $25.00

BMO Capital Markets Cuts Newell Brands (NWL) Price Target to $25.00

13,103,441 shares of the company's stock were exchanged, compared to its average volume of 10,352,521. Valicenti Advisory Services Inc who had been investing in Newell Rubbermaid for a number of months, seems to be bullish on the $12.41B market cap company. Hermes Investment Management Ltd. now owns 811,263 shares of the company's stock valued at $25,068,000 after purchasing an additional 304,196 shares in the last quarter. Horan Capital Advisors Llc sold 33,832 shares as Dicks Sporting Goods Inc (DKS)'s stock declined 18.06%. It has underperformed by 4.76% the S&P500.

Francis Chou decreased its stake in Overstock Com Inc Del (OSTK) by 50.77% based on its latest 2017Q3 regulatory filing with the SEC. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. The institutional investor held 42,984 shares of the plastic products company at the end of 2017Q3, valued at $1.83 million, down from 53,725 at the end of the previous reported quarter. The stock has a market capitalization of $12,410.00, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. The stock decreased 0.93% or $0.11 during the last trading session, reaching $11.72. About 13.10 million shares traded or 47.47% up from the average. Altria Group, Inc. (NYSE:MO) has risen 11.92% since January 29, 2017 and is uptrending. It has underperformed by 13.79% the S&P500.

When we look at the Analyst Recommendations of the stock, the company has 2.27 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 100% are positive. Electronic Arts had 82 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Friday, September 1 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, July 14 with "Hold". Barclays Capital maintained the shares of NWL in report on Monday, April 25 with "Overweight" rating. On Friday, January 12 the stock rating was upgraded by Deutsche Bank to "Buy". (NYSE:NWL)'s stock was -18.03%. The company was maintained on Monday, August 7 by Jefferies.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.43, from 1.56 in 2017Q2. Shares for $1.96M were sold by DEVITRE DINYAR S. The Massachusetts-based Eaton Vance Mgmt has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Geode Cap Management Limited Liability reported 695,151 shares stake. Gotham Asset Management Ltd Liability holds 0.01% or 11,701 shares in its portfolio. Dimensional Fund Advisors LP now owns 2,122,155 shares of the company's stock valued at $90,528,000 after acquiring an additional 489,138 shares during the last quarter. 11,656 are owned by Whittier Trust Com. Truepoint invested 0.03% of its portfolio in The Boeing Company (NYSE:BA). California Public Employees Retirement Sys owns 29,828 shares for 0% of their portfolio. Nomura Asset owns 39,900 shares. Teacher Retirement Of Texas, Texas-based fund reported 6,580 shares. Endurance Wealth Management reported 329 shares.

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Investors sentiment decreased to 0.8 in Q3 2017. Its up 0.17, from 0.94 in 2017Q2. 70 funds opened positions while 217 raised stakes. Rhumbline Advisers reported 20,174 shares stake.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Thursday, November 2nd. (NYSE:NWL). Sumitomo Mitsui Asset Mngmt Ltd has invested 0.02% in Newell Brands Inc. Webster Bankshares N A stated it has 0.01% in Newell Brands Inc. (NYSE:NWL) or 37,375 shares. Nfc Invests Ltd Limited Liability Company accumulated 5.26% or 406,063 shares. Tcw Inc has invested 0.03% in Newell Brands Inc. (NYSE:NWL). Metropolitan Life Insur Com Ny stated it has 231,479 shares or 0.06% of all its holdings. "Invests $22.64 Million in Newell Brands Inc (NWL)" was posted by StockNewsTimes and is the sole property of of StockNewsTimes. (NYSE:NWL). 1.59 million were accumulated by Diamond Hill Mgmt Inc.

More notable recent Newell Brands Inc. (NYSE:NWL) for 478,930 shares.

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmers, Coleman, Jostens, Marmot, Rawlings, Oster, Sunbeam, FoodSaver, Mr. Stock buyback plans are often an indication that the company's management believes its stock is undervalued. Therefore 83% are positive. Newell Rubbermaid Inc. had 57 analyst reports since August 4, 2015 according to SRatingsIntel. Forward View reissued a buy rating and issued a $35.00 price target on shares of Newell Brands in a report on Sunday, November 5th. The firm has "Buy" rating given on Tuesday, December 19 by Citigroup. Oppenheimer maintained the shares of NWL in report on Friday, August 4 with "Hold" rating. Morgan Stanley downgraded the shares of NWL in report on Thursday, January 25 to "Equal-Weight" rating. Jefferies has "Buy" rating and $300.0 target. The stock has "Outperform" rating by RBC Capital Markets on Monday, August 3. Finally, Royal Bank of Canada lowered shares of Newell Brands from a top pick rating to an outperform rating and reduced their price target for the company from $60.00 to $35.00 in a research report on Friday, November 3rd. It improved, as 71 investors sold Newell Brands Inc. shares while 188 reduced holdings. Stoneridge Inv Prtn Llc has invested 1.31% in Newell Brands Inc.