Newell Brands (NASDAQ:NWL) Stock Price Expected to Rise, Barclays Analyst Says

Newell Brands (NASDAQ:NWL) had its price objective upped by analysts at Barclays from $10.00 to $11.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 8.70% from the stock’s previous close.

A number of other brokerages also recently issued reports on NWL. Wells Fargo & Company raised their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Canaccord Genuity Group increased their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.70.

Newell Brands Stock Performance

NWL opened at $10.12 on Friday. 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 52-week low of $5.39 and a 52-week high of $11.78. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -16.87, a PEG ratio of 0.86 and a beta of 0.89. The firm’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $8.30.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Newell Brands by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares during the period. Citigroup Inc. lifted its position in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after acquiring an additional 88,164 shares in the last quarter. Versor Investments LP boosted its holdings in Newell Brands by 135.6% in the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after acquiring an additional 56,800 shares during the period. Friedenthal Financial acquired a new stake in Newell Brands in the fourth quarter valued at approximately $762,000. Finally, Wedmont Private Capital purchased a new stake in shares of Newell Brands during the fourth quarter valued at approximately $565,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

About Newell Brands

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.