Newell Brands (NASDAQ:NWL) Price Target Increased to $7.00 by Analysts at Barclays

Newell Brands (NASDAQ:NWL) had its price objective raised by stock analysts at Barclays from $6.00 to $7.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 9.68% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $8.50 in a report on Friday, February 16th. Citigroup upped their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday. Raymond James downgraded shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. upped their target price on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $8.61.

Newell Brands Stock Performance

NWL stock opened at $7.75 on Tuesday. The company has a market capitalization of $3.22 billion, a P/E ratio of -10.76, a PEG ratio of 1.59 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. The business has a 50-day moving average price of $7.50 and a 200 day moving average price of $7.76. Newell Brands has a 1-year low of $6.49 and a 1-year high of $11.61.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. As a group, equities research analysts forecast that Newell Brands will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NWL. Philadelphia Trust Co. raised its stake in 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 during the last quarter. Arizona State Retirement System raised its stake in Newell Brands by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock valued at $1,011,000 after purchasing an additional 1,508 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Newell Brands by 6.7% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock valued at $224,000 after purchasing an additional 1,547 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Newell Brands by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co raised its stake in 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 valued at $101,000 after purchasing an additional 1,564 shares during 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.