Royal Bank of Canada Lowers Newell Brands (NASDAQ:NWL) Price Target to $9.00

Newell Brands (NASDAQ:NWL - Get Free Report) had its price target reduced by research analysts at Royal Bank of Canada from $9.50 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective points to a potential upside of 28.30% from the company's previous close.

Several other research analysts have also issued reports on the stock. UBS Group increased their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday. Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Citigroup cut their price objective on Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a report on Monday. Finally, Canaccord Genuity Group reduced their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Newell Brands currently has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Stock Down 1.1 %

Newell Brands stock traded down $0.08 during trading hours on Monday, hitting $7.02. 5,471,374 shares of the stock traded hands, compared to its average volume of 7,471,046. Newell Brands has a one year low of $5.39 and a one year high of $11.78. The firm's 50-day moving average price is $9.99 and its two-hundred day moving average price is $8.70. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a market cap of $2.92 billion, a PE ratio of -11.72, a PEG ratio of 1.09 and a beta of 0.89.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. During the same quarter last year, the firm earned $0.22 EPS. On average, research analysts forecast that Newell Brands will post 0.65 EPS for the current year.

Insider Buying and Selling

In related news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.58% of the stock is owned by company insiders.

Institutional Trading of Newell Brands

Several hedge funds have recently modified their holdings of NWL. PFG Investments LLC increased its position in Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC grew its stake in shares of Newell Brands by 1.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after buying an additional 991 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Newell Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock worth $1,202,000 after buying an additional 1,125 shares during the last quarter. Optas LLC raised its position in shares of Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after buying an additional 1,306 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock valued at $304,000 after acquiring an additional 1,345 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Company Profile

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.