Newell Brands (NASDAQ:NWL) Stock Rating Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Newell Brands to “strong buy” from “buy,” while the broader analyst consensus remains “hold” with an average price target of $6.66.
• Newell Brands reported quarterly EPS of $0.42, beating estimates of $0.20, while revenue rose 3% year over year to $1.99 billion.
• The stock opened at $5.65, down 2.1%, and an insider sold 100,000 shares at an average price of $6.16; institutional investors own 92.5% of the company.

Newell Brands (NASDAQ:NWL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on NWL. Canaccord Genuity Group increased their price target on Newell Brands from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped their target price on Newell Brands from $4.00 to $5.00 and gave the stock a "sector perform" rating in a research note on Monday, August 3rd. Weiss Ratings downgraded Newell Brands from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, October 8th. Barclays increased their target price on Newell Brands from $5.00 to $7.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Citigroup lifted their price target on shares of Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.66.

Newell Brands Stock Down 2.1%

NWL opened at $5.65 on Friday. Newell Brands has a fifty-two week low of $3.07 and a fifty-two week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. The company has a fifty day moving average of $5.81 and a two-hundred day moving average of $5.00. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -10.66, a PEG ratio of 1.43 and a beta of 0.88.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company's revenue was up 3.0% compared to the same quarter last year. 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. On average, research analysts expect that Newell Brands will post 0.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Bradford Turner sold 100,000 shares of Newell Brands stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the sale, the insider directly owned 433,398 shares in the company, valued at approximately $2,669,731.68. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.64% of the company's stock.

Hedge Funds Weigh In On Newell Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nykredit A S acquired a new stake in shares of Newell Brands in the second quarter worth approximately $49,000. Everhart Financial Group Inc. purchased a new stake in shares of Newell Brands during the third quarter worth approximately $53,000. Summit Global Investments purchased a new stake in shares of Newell Brands during the second quarter worth approximately $66,000. GAMMA Investing LLC raised its stake in Newell Brands by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company's stock valued at $70,000 after purchasing an additional 1,887 shares during the last quarter. Finally, CM Wealth Advisors LLC acquired a new position in Newell Brands in the 2nd quarter valued at $76,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Company Profile

Newell Brands Inc is a global consumer-goods company that designs, manufactures and markets products for the home, workplace, school and outdoor recreation. Its portfolio includes storage and organization products, writing instruments, food and beverage preparation items, cookware, small appliances, outdoor equipment, candles and other household goods.

The company's brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer's, FoodSaver, Mr. Coffee, Oster, Calphalon and Sistema.

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