Newell Brands (NASDAQ:NWL) Given New $11.00 Price Target at Barclays

Newell Brands (NASDAQ:NWL) had its target price boosted by research analysts at Barclays from $10.00 to $11.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 8.70% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. UBS Group boosted their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company increased their target price 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. Canaccord Genuity Group boosted their price target on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.00 to $17.00 in a report on Monday, December 9th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.70.

Newell Brands Price Performance

NASDAQ NWL opened at $10.12 on Friday. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $8.30. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.78. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of -16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts forecast that Newell Brands will post 0.65 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Newell Brands in the fourth quarter worth about $220,000. M.E. Allison & CO. Inc. acquired a new stake in Newell Brands during the 4th quarter worth approximately $139,000. Aaron Wealth Advisors LLC bought a new stake in Newell Brands during the fourth quarter worth $197,000. Kera Capital Partners Inc. acquired a new stake in Newell Brands in the fourth quarter valued at $167,000. Finally, Merit Financial Group LLC bought a new position in shares of Newell Brands in the 4th quarter valued at about $138,000. 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.