UBS Group Forecasts Strong Price Appreciation for Newell Brands (NASDAQ:NWL) Stock

Newell Brands (NASDAQ:NWL - Get Free Report) had its target price upped by UBS Group from $5.00 to $5.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price indicates a potential downside of 1.79% from the company's previous close.

NWL has been the subject of a number of other reports. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Citigroup reissued a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company raised their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised shares of Newell Brands from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $6.00 to $7.00 in a research note on Friday, June 13th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.83.

Newell Brands Trading Down 0.7%

Shares of NWL traded down $0.04 during trading on Thursday, reaching $5.60. 4,574,162 shares of the company traded hands, compared to its average volume of 7,941,751. Newell Brands has a twelve month low of $4.22 and a twelve month high of $11.78. The stock has a market cap of $2.34 billion, a PE ratio of -9.49 and a beta of 0.96. The stock has a 50-day simple moving average of $5.56 and a 200-day simple moving average of $6.60. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands's quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NWL. Vanguard Group Inc. lifted its position in shares of Newell Brands by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after buying an additional 1,974,823 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Newell Brands by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock worth $126,646,000 after buying an additional 2,336,840 shares during the last quarter. FMR LLC lifted its position in shares of Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after buying an additional 10,172,696 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Newell Brands by 2.5% during the 1st quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after buying an additional 351,610 shares during the last quarter. Hedge funds and other 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.