The shares of Newell Brands Inc. (NYSE:NWL) has been pegged with a rating of Outperform by Wells Fargo in its latest research note that was published on April 17th, 2018. Wells Fargo wasn’t the only research firm that published a report of Newell Brands Inc., with other equities research analysts also giving their opinion on the stock. SunTrust advised investors in its research note published on March 27th, 2018, to Hold the NWL stock. The stock had earned Sector Perform rating from RBC Capital Mkts when it published its report on January 26th, 2018. The stock was given Equal-Weight rating by Morgan Stanley in its report released on January 25th, 2018. BofA/Merrill was of a view that NWL is Neutral in its latest report on January 25th, 2018. Deutsche Bank thinks that NWL is worth Hold rating. This was contained in the firm’s report on December 14th, 2017 in which the stock’s price target was also moved to $32.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $23.27. The price of the stock the last time has raised by 51.97% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.29.
The shares of the company dipped by -2.42% during the trading session on Thursday, reaching a low of $22.145 while ending the day at $22.97. During the trading session, a total of 12.39 million shares were traded which represents a -27.82% decline from the average session volume which is 9.69M shares. NWL had ended its last session trading at 23.54. Newell Brands Inc. currently has a market cap of $10.91B while its P/E earnings growth sits at 1.09, with a beta of 0.82. Newell Brands Inc. debt-to-equity ratio currently stands at 1.60, while its quick ratio hovers at 2.50. NWL 52-week low price stands at $15.11 while its 52-week high price is $32.58.
The company in its last quarterly report recorded $0.81 earnings per share which is above the $0.64 predicted by most analysts. The Newell Brands Inc. generated $2,277.20 million in revenue during the last quarter, which is slightly lower than the $2,329.43 million predicted by analysts. In the second quarter last year, the firm recorded $0.82 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -1.23%. Newell Brands Inc. has the potential to record -14.17 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on December 3rd, 2018 where it informed investors and clients that Baker Hughes, a GE company (NYSE:BHGE) is now rated as Buy. Their price target on the stock stands at $27. SunTrust also rated BHGE as Downgrade on March 27th, 2018, with its price target of $459 suggesting that BHGE could surge by 41.47% from its current share price. Even though the stock has been trading at $22.14/share, analysts expect it to surge higher by -3.03% to reach $36.68/share. It started the day trading at $21.71 and traded between $21.05 and $21.47 throughout the trading session.
A look at its technical shows that BHGE’s 50-day SMA is 27.38 while its 200-day SMA stands at 31.40. The company’s average trading volume currently stands at 6.24M shares, which means that the short-interest ratio is just 2.96 days. Over the past seven days, the company moved, with its shift of -6.41%. Looking further, the stock has dropped -30.72% over the past 90 days while it lost -38.11% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co bought more BHGE shares, increasing its portfolio by +2.19% during the last quarter. This move now sees Capital Research Management Co purchasing 1,061,251 shares in the last quarter, thus it now holds 49,431,229 shares of BHGE, with a total valuation of $1,319,319,502. Dodge Cox meanwhile bought more BHGE shares in the recently filed quarter, changing its stake to $1,058,352,876 worth of shares. The Vanguard Group Inc followed the path by decreasing its BHGE portfolio by -0.19% in the quarter. This means that The Vanguard Group Inc sold -70,711 shares in the last quarter and now controls 36,467,624 shares of the BHGE stock, with the valuation hitting $973,320,885.
Similarly, SSgA Funds Management Inc decreased its Baker Hughes, a GE company shares by -2.66% during the recently filed quarter. After selling -551,489 shares in the last quarter, the firm now controls 20,144,903 shares of Baker Hughes, a GE company which are valued at $537,667,461. In the same vein, BlackRock Fund Advisors decreased its Baker Hughes, a GE company shares by during the most recent reported quarter. The firm sold -47,621 shares during the quarter which decreased its stakes to 17,678,255 shares and is now valued at $471,832,626. Following these latest developments, around 0.10% of Baker Hughes, a GE company stocks are owned by institutional investors and hedge funds.