Citigroup Has Lowered Expectations for Newell Brands (NASDAQ:NWL) Stock Price

Newell Brands (NASDAQ:NWL) had its price objective cut by equities research analysts at Citigroup from $5.50 to $3.50 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 8.19% from the stock’s current price.

Several other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a report on Wednesday, October 8th. UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Morgan Stanley restated a “hold” rating and set a $4.25 price objective on shares of Newell Brands in a report on Monday. JPMorgan Chase & Co. dropped their target price on Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Canaccord Genuity Group dropped their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and an average target price of $5.86.

Newell Brands Price Performance

NASDAQ NWL traded down $0.17 on Monday, reaching $3.24. The company’s stock had a trading volume of 13,128,020 shares, compared to its average volume of 8,908,495. Newell Brands has a twelve month low of $3.09 and a twelve month high of $11.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.14. The stock has a market cap of $1.36 billion, a PE ratio of -53.91 and a beta of 1.02. The firm’s 50 day moving average is $5.39 and its two-hundred day moving average is $5.43.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $0.16 earnings per share. Newell Brands’s revenue was down 7.2% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. As a group, sell-side analysts predict that Newell Brands will post 0.72 EPS for the current year.

Insider Buying and Selling

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares of the company’s stock, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently added to or reduced their stakes in NWL. Teacher Retirement System of Texas boosted its position in Newell Brands by 67.2% during the first quarter. Teacher Retirement System of Texas now owns 84,253 shares of the company’s stock worth $522,000 after purchasing an additional 33,861 shares during the period. Principal Financial Group Inc. boosted its position in Newell Brands by 2.4% during the first quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company’s stock worth $12,801,000 after purchasing an additional 48,904 shares during the period. Cerity Partners LLC boosted its position in Newell Brands by 84.8% during the first quarter. Cerity Partners LLC now owns 179,863 shares of the company’s stock worth $1,115,000 after purchasing an additional 82,513 shares during the period. Xponance Inc. boosted its position in Newell Brands by 21.2% during the first quarter. Xponance Inc. now owns 24,055 shares of the company’s stock worth $149,000 after purchasing an additional 4,204 shares during the period. Finally, CWM LLC boosted its position in Newell Brands by 196.8% during the first quarter. CWM LLC now owns 250,386 shares of the company’s stock worth $1,552,000 after purchasing an additional 166,012 shares during the period. 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.