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

Newell Brands (NASDAQ:NWL - Get Free Report) had its price objective dropped by research analysts at Citigroup from $7.75 to $4.75 in a report released on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 1.06% from the company's previous close.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Canaccord Genuity Group reduced their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their target price on Newell Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Barclays increased their price target on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, UBS Group increased their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.14.

Newell Brands Stock Up 1.5 %

NASDAQ:NWL traded up $0.07 during trading hours on Monday, hitting $4.70. The stock had a trading volume of 6,670,824 shares, compared to its average volume of 6,692,593. The company has a market cap of $1.96 billion, a PE ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The business has a 50 day simple moving average of $6.11 and a two-hundred day simple moving average of $8.21. 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 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the prior year, the business posted $0.22 EPS. Analysts predict that Newell Brands will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Newell Brands

A number of institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in Newell Brands by 233.6% in 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 period. Hennessy Advisors Inc. acquired a new stake in Newell Brands in the 4th quarter worth $72,431,000. Norges Bank bought a new position in shares of Newell Brands during the 4th quarter worth about $37,174,000. Dimensional Fund Advisors LP raised its position in shares of Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after buying an additional 3,188,718 shares during the last quarter. Finally, FIL Ltd lifted its stake in shares of Newell Brands by 109.2% in the fourth quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after buying an additional 2,986,426 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.