Citigroup Issues Positive Forecast for Newell Brands (NASDAQ:NWL) Stock Price

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 - Free Report) had its price objective increased by Citigroup from $5.50 to $6.00 in a report issued on Tuesday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. UBS Group upped their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands Stock Performance

Shares of Newell Brands stock traded down $0.27 on Tuesday, reaching $5.53. 9,561,241 shares of the stock were exchanged, compared to its average volume of 6,723,687. Newell Brands has a 1-year low of $4.22 and a 1-year high of $11.78. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The business has a fifty day moving average price of $5.70 and a two-hundred day moving average price of $5.63. The firm has a market capitalization of $2.32 billion, a PE ratio of -9.37 and a beta of 0.99.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The business's revenue was down 4.8% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. As a group, research analysts anticipate that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.1%. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the transaction, the chief executive officer owned 52,007 shares of the company's stock, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newell Brands

Large investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands during the fourth quarter worth approximately $33,000. Farther Finance Advisors LLC raised 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 valued at $38,000 after acquiring an additional 4,169 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Newell Brands in the 2nd quarter valued at $35,000. Parallel Advisors LLC raised 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 valued at $44,000 after acquiring an additional 5,326 shares during the period. Finally, Summit Global Investments purchased a new position in shares of Newell Brands in the 2nd quarter valued at $54,000. 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.