Newell Brands (NASDAQ:NWL - Get Free Report) had its target price reduced by research analysts at Citigroup from $7.75 to $4.75 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 1.06% from the stock's current price.
Several other equities research analysts have also recently weighed in on the company. Barclays upped their price target on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Canaccord Genuity Group decreased their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, February 10th. 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, January 16th. Wells Fargo & Company cut their price objective on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9.14.
Read Our Latest Report on NWL
Newell Brands Trading Up 1.5 %
NASDAQ NWL traded up $0.07 during trading on Monday, hitting $4.70. The company had a trading volume of 6,670,824 shares, compared to its average volume of 6,679,010. The company's fifty day moving average is $6.11 and its 200-day moving average is $8.21. Newell Brands has a one year low of $4.22 and a one year high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the company earned $0.22 EPS. On average, sell-side analysts predict that Newell Brands will post 0.72 earnings per share for the current year.
Institutional Trading of Newell Brands
A number of institutional investors have recently made changes to their positions in NWL. PFG Investments LLC boosted its holdings 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 holdings in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after acquiring an additional 991 shares during the period. Arizona State Retirement System lifted its holdings in Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after acquiring an additional 1,125 shares during the period. Optas LLC boosted its position in Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock worth $123,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its stake in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after purchasing an additional 1,531 shares during the period. Hedge funds and other institutional investors own 92.50% of the company's stock.
About Newell Brands
(
Get Free Report)
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.
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