UBS Group Increases Newell Brands (NASDAQ:NWL) Price Target to $10.50

Newell Brands (NASDAQ:NWL) had its price objective boosted by analysts at UBS Group from $9.50 to $10.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 3.75% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Canaccord Genuity Group raised their price objective on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.70.

Newell Brands Trading Down 0.4 %

NWL stock opened at $10.12 on Thursday. The firm has a fifty day moving average price of $9.90 and a 200 day moving average price of $8.27. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The firm has a market cap of $4.21 billion, a PE ratio of -16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Sell-side analysts anticipate that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in shares of Newell Brands by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 112,448 shares of the company’s stock valued at $721,000 after purchasing an additional 6,273 shares during the last quarter. Victory Capital Management Inc. increased its stake in Newell Brands by 3.8% during the 2nd quarter. Victory Capital Management Inc. now owns 87,086 shares of the company’s stock valued at $558,000 after purchasing an additional 3,228 shares in the last quarter. American Century Companies Inc. increased its stake in Newell Brands by 28.9% during the 2nd quarter. American Century Companies Inc. now owns 27,864 shares of the company’s stock valued at $179,000 after purchasing an additional 6,247 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares during the last quarter. Finally, Argent Trust Co acquired a new stake in shares of Newell Brands during the second quarter worth $142,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

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.