Barclays Lowers Newell Brands (NASDAQ:NWL) Price Target to $19.00

Newell Brands (NASDAQ:NWLGet Rating) had its target price decreased by investment analysts at Barclays from $20.00 to $19.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 4.09% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company reduced their price target on Newell Brands from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Newell Brands from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, June 21st. TheStreet upgraded Newell Brands from a “c+” rating to a “b” rating in a report on Friday, April 29th. UBS Group reduced their target price on Newell Brands from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Monday. Finally, Raymond James reiterated a “maintains” rating on shares of Newell Brands in a report on Monday, July 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus target price of $23.86.

Newell Brands Stock Performance

Newell Brands stock opened at $19.81 on Tuesday. Newell Brands has a 12-month low of $17.40 and a 12-month high of $26.45. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $19.77 and its two-hundred day moving average price is $21.71. The stock has a market cap of $8.19 billion, a PE ratio of 11.65 and a beta of 0.75.

Newell Brands (NASDAQ:NWLGet Rating) last released its earnings results on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. Newell Brands had a return on equity of 19.96% and a net margin of 6.89%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts expect that Newell Brands will post 1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently added to or reduced their stakes in NWL. Xponance Inc. lifted its stake in shares of Newell Brands by 2.0% in the 1st quarter. Xponance Inc. now owns 23,896 shares of the company’s stock valued at $512,000 after acquiring an additional 461 shares during the last quarter. Securian Asset Management Inc. increased its holdings in Newell Brands by 1.6% during the 4th quarter. Securian Asset Management Inc. now owns 31,963 shares of the company’s stock valued at $698,000 after purchasing an additional 496 shares during the period. Mutual of America Capital Management LLC increased its holdings in Newell Brands by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 50,553 shares of the company’s stock valued at $1,082,000 after purchasing an additional 532 shares during the period. Mariner LLC increased its holdings in Newell Brands by 3.3% during the 1st quarter. Mariner LLC now owns 16,544 shares of the company’s stock valued at $355,000 after purchasing an additional 532 shares during the period. Finally, Stephens Inc. AR increased its holdings in Newell Brands by 6.2% during the 1st quarter. Stephens Inc. AR now owns 9,787 shares of the company’s stock valued at $210,000 after purchasing an additional 568 shares during the period. 84.07% of the stock is owned by institutional investors and hedge funds.

About Newell Brands

(Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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