Newell Brands (NYSE:NWL) received a $16.00 price target from research analysts at Barclays in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Barclays‘s target price indicates a potential downside of 6.71% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on NWL. Citigroup set a $24.00 target price on shares of Newell Brands and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, January 7th. Wells Fargo & Co reissued an “outperform” rating and set a $21.00 target price (down previously from $36.00) on shares of Newell Brands in a report on Tuesday. Jefferies Financial Group lowered their target price on shares of Newell Brands to $15.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Morgan Stanley set a $23.00 target price on shares of Newell Brands and gave the company a “hold” rating in a report on Tuesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.
NWL stock traded up $0.14 during midday trading on Tuesday, reaching $17.15. 15,930,195 shares of the company’s stock traded hands, compared to its average volume of 6,512,882. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands has a 52 week low of $15.11 and a 52 week high of $29.55. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 3.82 and a beta of 0.90.
In other news, SVP James L. Cunningham III sold 22,331 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $23.45, for a total value of $523,661.95. Following the transaction, the senior vice president now owns 7,321 shares of the company’s stock, valued at $171,677.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.97% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in NWL. Whitener Capital Management Inc. boosted its position in Newell Brands by 3.3% during the fourth quarter. Whitener Capital Management Inc. now owns 18,544 shares of the company’s stock valued at $344,000 after buying an additional 599 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Newell Brands by 67.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock worth $29,000 after purchasing an additional 624 shares during the period. Carroll Financial Associates Inc. boosted its holdings in shares of Newell Brands by 31.7% during the fourth quarter. Carroll Financial Associates Inc. now owns 3,369 shares of the company’s stock worth $65,000 after purchasing an additional 810 shares during the period. IFP Advisors Inc boosted its holdings in shares of Newell Brands by 6.4% during the fourth quarter. IFP Advisors Inc now owns 13,664 shares of the company’s stock worth $251,000 after purchasing an additional 819 shares during the period. Finally, First Hawaiian Bank boosted its holdings in shares of Newell Brands by 6.5% during the fourth quarter. First Hawaiian Bank now owns 14,379 shares of the company’s stock worth $268,000 after purchasing an additional 883 shares during the period. 98.42% of the stock is currently owned by hedge funds and other institutional investors.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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