Newell Brands Inc. (NASDAQ:NWL) Receives $8.82 Average Price Target from Brokerages

Newell Brands Inc. (NASDAQ:NWL) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.82.

Several analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Citigroup reduced their price objective on Newell Brands from $8.00 to $6.25 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays raised shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a research report on Tuesday, May 14th. Finally, Truist Financial boosted their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded down $0.30 on Monday, hitting $7.09. The company had a trading volume of 4,424,842 shares, compared to its average volume of 5,023,473. The company has a market cap of $2.94 billion, a PE ratio of -9.85, a PEG ratio of 1.47 and a beta of 0.88. The business has a 50 day moving average of $6.94 and a 200 day moving average of $7.46. Newell Brands has a 52-week low of $5.39 and a 52-week high of $10.88. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.24 EPS. Newell Brands’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Newell Brands will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Philadelphia Trust Co. raised its stake in shares of Newell Brands by 0.8% in the 4th quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock valued at $1,592,000 after purchasing an additional 1,500 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Newell Brands by 15.5% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock worth $101,000 after acquiring an additional 1,564 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Newell Brands by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,650 shares in the last quarter. Xcel Wealth Management LLC increased its holdings in shares of Newell Brands by 8.6% in the 4th quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock valued at $185,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Triumph Capital Management raised its position in shares of Newell Brands by 7.4% during the 4th quarter. Triumph Capital Management now owns 25,480 shares of the company’s stock valued at $221,000 after acquiring an additional 1,760 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.