Newell Brands (NASDAQ:NWL) Price Target Raised to $5.00

Newell Brands (NASDAQ:NWL) had its target price lifted by investment analysts at Royal Bank Of Canada from $4.00 to $5.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 17.83% from the company’s previous close.

A number of other analysts have also weighed in on NWL. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Canaccord Genuity Group set a $11.00 target price on Newell Brands in a research note on Monday. Morgan Stanley downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $4.00 to $3.50 in a report on Wednesday, May 20th. Barclays raised their price target on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.22.

Newell Brands Trading Up 8.7%

Shares of Newell Brands stock traded up $0.48 during midday trading on Monday, reaching $6.08. 8,891,403 shares of the company’s stock traded hands, compared to its average volume of 8,089,987. The stock has a 50 day moving average of $4.88 and a 200-day moving average of $4.40. Newell Brands has a 12 month low of $3.07 and a 12 month high of $7.13. The company has a market cap of $2.59 billion, a PE ratio of -11.50, a price-to-earnings-growth ratio of 6.86 and a beta of 0.87. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, equities analysts expect that Newell Brands will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Melanie Arlene Huet sold 91,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the completion of the sale, the insider directly owned 867 shares in the company, valued at $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristine Kay Malkoski sold 10,850 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 202,750 shares of company stock valued at $812,396. 1.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Newell Brands

A number of hedge funds have recently modified their holdings of NWL. Quarry LP grew its holdings in shares of Newell Brands by 139.3% in the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after purchasing an additional 4,317 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at $30,000. Citizens Financial Group Inc. RI acquired a new position in Newell Brands during the 4th quarter worth $39,000. HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands during the fourth quarter worth about $39,000. Finally, 111 Capital acquired a new position in shares of Newell Brands during the 4th quarter worth about $39,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.