Newell Brands (NASDAQ:NWL) Price Target Cut to $6.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has cut its price target for Newell Brands from $7.00 to $6.00, suggesting a potential upside of 20.85% from the current stock price.
• Other analysts have also adjusted their ratings, with Wells Fargo raising their target from $5.00 to $6.00 and UBS increasing theirs from $5.00 to $5.50.
• Newell Brands stock has shown volatility, trading up 2.2% to $4.97, amidst a broader mixed analyst outlook consisting of four Buy ratings and one Sell rating.

Newell Brands (NASDAQ:NWL - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 20.85% from the stock's current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company raised their price target on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. UBS Group lifted their target price on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Newell Brands in a research note on Wednesday, October 8th. Citigroup cut their target price on Newell Brands from $6.00 to $5.50 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Finally, Canaccord Genuity Group cut their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.25.

Newell Brands Stock Up 2.2%

Shares of Newell Brands stock traded up $0.11 during trading on Thursday, hitting $4.97. 1,907,354 shares of the stock traded hands, compared to its average volume of 8,636,880. The firm has a market cap of $2.08 billion, a P/E ratio of -8.42 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. Newell Brands has a 52-week low of $4.22 and a 52-week high of $11.78. The stock's fifty day simple moving average is $5.51 and its 200 day simple moving average is $5.42.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. 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 earnings per share for the current fiscal year.

Insider Transactions at Newell Brands

In other Newell Brands 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 transaction of $44,968.00. Following the completion of the transaction, the chief executive officer directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.71% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Newell Brands by 121.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock worth $889,000 after buying an additional 78,718 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Newell Brands during the 1st quarter worth approximately $620,000. Illinois Municipal Retirement Fund raised its stake in shares of Newell Brands by 9.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 204,247 shares of the company's stock worth $1,266,000 after buying an additional 18,454 shares during the period. QSM Asset Management Ltd raised its stake in shares of Newell Brands by 33.4% during the 1st quarter. QSM Asset Management Ltd now owns 1,078,450 shares of the company's stock worth $6,579,000 after buying an additional 270,000 shares during the period. Finally, Elevated Capital Advisors LLC raised its stake in shares of Newell Brands by 20.2% during the 1st quarter. Elevated Capital Advisors LLC now owns 74,335 shares of the company's stock worth $461,000 after buying an additional 12,486 shares during the period. 92.50% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.