Newell Brands (NASDAQ:NWL) Price Target Lowered to $5.50 at Citigroup

Key Points

• Citigroup has reduced its price target for Newell Brands (NASDAQ:NWL) from $6.00 to $5.50, maintaining a "neutral" rating on the stock, which implies a potential upside of 10.78% from its previous close.
• Other firms have also adjusted their ratings, with Canaccord Genuity lowering their target to $9.00 while Wells Fargo increased theirs to $6.00, reflecting mixed analyst sentiment towards the stock.
• Newell Brands reported earnings per share (EPS) of $0.24 for the last quarter, matching analysts' expectations, while revenue decreased by 4.8% year-over-year, totaling $1.94 billion.

Newell Brands (NASDAQ:NWL - Get Free Report) had its price objective lowered by equities research analysts at Citigroup from $6.00 to $5.50 in a research note issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 10.78% from the stock's previous close.

A number of other research firms have also weighed in on NWL. Canaccord Genuity Group lowered their price objective 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. Wells Fargo & Company boosted their price objective on 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 boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Newell Brands in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.38.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded down $0.07 during trading on Thursday, reaching $4.97. The stock had a trading volume of 2,611,295 shares, compared to its average volume of 8,716,314. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The business has a fifty day moving average price of $5.55 and a 200-day moving average price of $5.51. The stock has a market cap of $2.08 billion, a PE ratio of -8.42 and a beta of 1.02. 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 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. 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 was down 4.8% on a year-over-year basis. During the same period in the previous year, the company 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 forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was 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. The trade was a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company's stock.

Institutional Investors Weigh In On Newell Brands

Several institutional investors and hedge funds have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its holdings in shares of Newell Brands by 1.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 145,712 shares of the company's stock valued at $787,000 after buying an additional 1,738 shares during the period. Uhlmann Price Securities LLC raised its holdings in shares of Newell Brands by 0.9% in the 2nd quarter. Uhlmann Price Securities LLC now owns 229,198 shares of the company's stock valued at $1,238,000 after buying an additional 1,955 shares during the period. Pingora Partners LLC raised its holdings in shares of Newell Brands by 3.1% in the 1st quarter. Pingora Partners LLC now owns 66,224 shares of the company's stock valued at $411,000 after buying an additional 2,000 shares during the period. California State Teachers Retirement System increased its holdings in Newell Brands by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company's stock worth $2,078,000 after purchasing an additional 2,108 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in Newell Brands by 19.6% during the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company's stock worth $76,000 after purchasing an additional 2,308 shares during the period. 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.

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