Newell Brands (NASDAQ:NWL) PT Raised to $7.00

Newell Brands (NASDAQ:NWL) had its target price lifted by investment analysts at Barclays from $6.00 to $7.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 9.68% from the company’s previous close.

NWL has been the subject of several other reports. Citigroup lifted their target price on shares of Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley dropped their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Royal Bank of Canada lowered their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, UBS Group lowered shares of Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $8.50 in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.61.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $7.75 on Tuesday. The company has a 50 day moving average of $7.50 and a 200 day moving average of $7.76. The stock has a market cap of $3.22 billion, a P/E ratio of -10.76, a P/E/G ratio of 1.59 and a beta of 0.95. Newell Brands has a 12 month low of $6.49 and a 12 month high of $11.61. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

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

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after buying an additional 2,437 shares during the period. Quest Partners LLC purchased a new stake in Newell Brands during the 4th quarter valued at $45,000. NBC Securities Inc. boosted its position in Newell Brands by 50.5% during the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after buying an additional 1,780 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in Newell Brands during the 3rd quarter valued at $51,000. Finally, GAMMA Investing LLC bought a new position in Newell Brands in the 4th quarter worth $61,000. Hedge funds and other institutional investors 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.