Newell Brands (NASDAQ:NWL - Free Report) had its target price cut by Citigroup from $10.50 to $7.75 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the stock.
A number of other research analysts also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday. Canaccord Genuity Group cut their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group lifted their target price on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. 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, January 16th. Finally, 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 report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.81.
Check Out Our Latest Research Report on NWL
Newell Brands Stock Down 0.8 %
Shares of NASDAQ NWL traded down $0.06 during trading on Monday, reaching $7.04. 5,295,017 shares of the stock were exchanged, compared to its average volume of 7,471,046. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -11.73, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The business's 50-day moving average price is $9.99 and its 200 day moving average price is $8.70. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands has a twelve month low of $5.39 and a twelve month high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same period in the previous year, the company posted $0.22 earnings per share. As a group, equities analysts forecast that Newell Brands will post 0.65 EPS for the current fiscal year.
Insider Transactions at Newell Brands
In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the business's 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.58% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. PFG Investments LLC lifted its holdings in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after acquiring an additional 981 shares during the last quarter. TriaGen Wealth Management LLC raised its holdings 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 purchasing an additional 991 shares in the last quarter. Arizona State Retirement System lifted its stake in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares during the last quarter. Optas LLC boosted its holdings in Newell Brands by 11.8% during the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock worth $123,000 after buying an additional 1,306 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock worth $304,000 after buying an additional 1,345 shares during the last quarter. Institutional investors and hedge funds 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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