The shares of Newell Brands Inc. (NASDAQ: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 $19.10. The price of the stock the last time has raised by 2.22% 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 24.09.
The shares of the company dipped by -0.13% during the trading session on Thursday, reaching a low of $15.33 while ending the day at $15.45. During the trading session, a total of 7.16 million shares were traded which represents a 0.41% incline from the average session volume which is 7.19M shares. NWL had ended its last session trading at 15.47. Newell Brands Inc. currently has a market cap of $6.56B while its P/E earnings growth sits at 0.76, with a beta of 1.07. Newell Brands Inc. debt-to-equity ratio currently stands at 1.34, while its quick ratio hovers at 1.90. NWL 52-week low price stands at $15.11 while its 52-week high price is $29.23.
The company in its last quarterly report recorded $0.71 earnings per share which is above the $0.67 predicted by most analysts. The Newell Brands Inc. generated $2,340.60 million in revenue during the last quarter, which is slightly lower than the $2,417.87 million predicted by analysts. In the second quarter last year, the firm recorded $0.81 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -14.08%. Newell Brands Inc. has the potential to record -14.96 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Cowen published a research note on February 15th, 2019 where it informed investors and clients that Adobe Inc. (NASDAQ:ADBE) is now rated as Market Perform. Their price target on the stock stands at $280. SunTrust also rated ADBE as Downgrade on March 27th, 2018, with its price target of $44 suggesting that ADBE could surge by 7.63% from its current share price. Even though the stock has been trading at $264.38/share, analysts expect it to surge higher by 1.25% to reach $289.79/share. It started the day trading at $268 and traded between $263.52 and $267.69 throughout the trading session.
A look at its technical shows that ADBE’s 50-day SMA is 249.98 while its 200-day SMA stands at 249.62. The stock has a high of $277.61 for the year while the low is $204.95. The company’s P/E ratio currently sits at 47.96, while the P/B ratio is 13.96. At the moment, only of Adobe Inc. shares were sold short. The company’s average trading volume currently stands at 3.46M shares, which means that the short-interest ratio is just 1.82 days. Over the past seven days, the company moved, with its shift of 4.79%. Looking further, the stock has raised 9.11% over the past 90 days while it gained 0.26% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more ADBE shares, increasing its portfolio by +1.04% during the last quarter. This move now sees The Vanguard Group Inc purchasing 377,719 shares in the last quarter, thus it now holds 36,674,051 shares of ADBE, with a total valuation of $9,626,938,388. Fidelity Management Research Co meanwhile sold more ADBE shares in the recently filed quarter, changing its stake to $9,550,004,888 worth of shares. BlackRock Fund Advisors followed the path by decreasing its ADBE portfolio by -2.51% in the quarter. This means that BlackRock Fund Advisors sold -572,383 shares in the last quarter and now controls 22,189,771 shares of the ADBE stock, with the valuation hitting $5,824,814,888.
Similarly, SSgA Funds Management Inc decreased its Adobe Inc. shares by -1.77% during the recently filed quarter. After selling -340,904 shares in the last quarter, the firm now controls 18,877,883 shares of Adobe Inc. which are valued at $4,955,444,288. In the same vein, Jennison Associates LLC increased its Adobe Inc. shares by during the most recent reported quarter. The firm bought 249,440 shares during the quarter which increased its stakes to 9,101,137 shares and is now valued at $2,389,048,463. Following these latest developments, around 0.10% of Adobe Inc. stocks are owned by institutional investors and hedge funds.