Newell Brands (NASDAQ:NWL) Given New $14.00 Price Target at Canaccord Genuity Group

Newell Brands (NASDAQ:NWL) had its price objective lowered by Canaccord Genuity Group from $15.00 to $14.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 91.00% from the stock’s previous close.

A number of other brokerages have also recently weighed in on NWL. Barclays lifted their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, UBS Group raised their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.50.

Newell Brands Stock Up 4.6 %

Shares of NWL opened at $7.33 on Monday. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The company’s fifty day moving average is $10.10 and its two-hundred day moving average is $8.72. The firm has a market cap of $3.05 billion, a PE ratio of -12.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. 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 (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Analysts forecast that Newell Brands will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $46,000. Venturi Wealth Management LLC acquired a new position in Newell Brands in the third quarter worth $70,000. Atomi Financial Group Inc. bought a new stake in Newell Brands during the third quarter valued at $79,000. Claro Advisors LLC acquired a new stake in shares of Newell Brands during the third quarter worth $79,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after buying an additional 4,617 shares during the last quarter. 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.