Newell Brands (NASDAQ:NWL) Given New $11.00 Price Target at Barclays

Newell Brands (NASDAQ:NWL - Get Free Report) had its price objective increased by stock analysts at Barclays from $10.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 8.70% from the stock's current price.

Several other analysts also recently issued reports on NWL. UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 7th. Canaccord Genuity Group boosted their price objective on Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and upped their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Newell Brands currently has a consensus rating of "Hold" and an average target price of $10.70.

Newell Brands Stock Down 0.4 %

NWL stock traded down $0.04 during midday trading on Friday, hitting $10.12. The company's stock had a trading volume of 4,361,586 shares, compared to its average volume of 4,176,267. The company's fifty day moving average price is $9.92 and its 200 day moving average price is $8.30. Newell Brands has a twelve month low of $5.39 and a twelve month high of $11.78. The stock has a market capitalization of $4.21 billion, a P/E ratio of -16.87, a PEG ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The company's revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts predict that Newell Brands will post 0.65 EPS for the current year.

Insider Activity

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradford R. Turner sold 20,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Newell Brands in the 4th quarter valued at $220,000. M.E. Allison & CO. Inc. bought a new position in Newell Brands during the 4th quarter valued at about $139,000. Aaron Wealth Advisors LLC bought a new position in Newell Brands during the 4th quarter valued at about $197,000. Kera Capital Partners Inc. bought a new position in Newell Brands during the 4th quarter valued at about $167,000. Finally, Merit Financial Group LLC bought a new position in Newell Brands during the 4th quarter valued at about $138,000. 92.50% of the stock is currently owned by institutional investors.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.