Newell Brands (NASDAQ:NWL) Given New $6.00 Price Target at Citigroup

Key Points

• Newell Brands' price target was raised by Citigroup from $5.50 to $6.00, indicating a potential upside of 2.74% from its current price.
• The company reported a quarterly EPS of $0.24, matching the consensus estimate, but showed a 4.8% decline in revenue year-over-year.
• Newell Brands has a consensus rating of "Moderate Buy" among analysts, with an average price target of $7.44.

Newell Brands (NASDAQ:NWL - Get Free Report) had its price target boosted by investment analysts at Citigroup from $5.50 to $6.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential upside of 2.74% from the company's current price.

Several other analysts also recently commented on the stock. Wells Fargo & Company increased 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 report on Wednesday, July 9th. UBS Group boosted their price target on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Finally, Canaccord Genuity Group decreased their price target on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Newell Brands presently has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Newell Brands Stock Down 1.4%

NASDAQ:NWL opened at $5.84 on Tuesday. The firm's 50-day moving average price is $5.71 and its 200-day moving average price is $5.64. The company has a market capitalization of $2.45 billion, a PE ratio of -9.90 and a beta of 0.99. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. Newell Brands has a 1-year low of $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm posted $0.36 EPS. Newell Brands's revenue for the quarter was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, equities analysts predict that Newell Brands will post 0.72 EPS for the current fiscal year.

Insider Transactions at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On Newell Brands

Institutional investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands in the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its stake in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after purchasing an additional 4,169 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Newell Brands in the 2nd quarter worth approximately $35,000. Parallel Advisors LLC lifted its stake in shares of Newell Brands by 194.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company's stock worth $44,000 after purchasing an additional 5,326 shares during the period. Finally, Summit Global Investments bought a new position in shares of Newell Brands in the 2nd quarter worth approximately $54,000. 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.

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