Newell Brands (NASDAQ:NWL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Newell Brands (NASDAQ:NWL - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $9.00 to $10.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 1.57% from the company's current price.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 7th. Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Finally, Barclays raised shares of Newell Brands from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.60.

Newell Brands Price Performance

NWL traded up $0.18 during trading on Thursday, hitting $10.16. 6,658,463 shares of the company traded hands, compared to its average volume of 5,227,207. The company has a market cap of $4.23 billion, a PE ratio of -16.93, a P/E/G ratio of 0.86 and a beta of 0.89. The stock's 50-day simple moving average is $9.88 and its two-hundred day simple moving average is $8.26. Newell Brands has a 1 year low of $5.39 and a 1 year high of $11.78. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

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

Insider Buying and Selling

In related news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of Newell Brands 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 sale, the insider now owns 230,254 shares of the company's stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Newell Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Newell Brands by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after purchasing an additional 82,337 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Newell Brands by 7.7% in the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock valued at $9,476,000 after purchasing an additional 88,164 shares in the last quarter. Versor Investments LP raised its holdings in shares of Newell Brands by 135.6% in the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after purchasing an additional 56,800 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Newell Brands in the 4th quarter valued at about $762,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. Institutional investors own 92.50% of the company's stock.

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.