Newell Brands (NASDAQ:NWL) PT Raised to $8.00 at Wells Fargo & Company

Newell Brands (NASDAQ:NWL) had its price target lifted by equities research analysts at Wells Fargo & Company from $7.00 to $8.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 0.76% from the company’s current price.

A number of other equities research analysts have also recently weighed in on NWL. Citigroup raised their price target on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.50 in a report on Friday, February 16th. Raymond James lowered Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Finally, Morgan Stanley reduced their price target on 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. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.61.

Newell Brands Trading Down 1.4 %

NASDAQ:NWL opened at $7.94 on Monday. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -11.03, a P/E/G ratio of 1.54 and a beta of 0.95. Newell Brands has a 12 month low of $6.49 and a 12 month high of $12.02. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $7.50 and its 200-day moving average is $7.76.

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

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP raised its position in Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares in the last quarter. Quest Partners LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $45,000. NBC Securities Inc. lifted its stake in shares of Newell Brands by 50.5% in the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after acquiring an additional 1,780 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Newell Brands in the 3rd quarter worth about $51,000. Finally, GAMMA Investing LLC bought a new stake in shares of Newell Brands during the fourth quarter worth about $61,000. Institutional investors and hedge funds 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.