Newell Brands (NASDAQ:NWL) Upgraded to "Hold" at StockNews.com

Newell Brands (NASDAQ:NWL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Sunday.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday. Truist Financial lowered their price objective on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup lowered their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Newell Brands presently has an average rating of "Hold" and a consensus price target of $7.42.

Newell Brands Stock Up 1.5 %

Shares of Newell Brands stock traded up $0.08 during trading hours on Friday, hitting $5.25. 12,827,866 shares of the company's stock traded hands, compared to its average volume of 6,907,271. The company has a market cap of $2.19 billion, a PE ratio of -10.10, a PEG ratio of 0.95 and a beta of 0.84. Newell Brands has a twelve month low of $4.22 and a twelve month high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock has a 50 day simple moving average of $5.73 and a 200-day simple moving average of $8.05.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's revenue was down 5.3% on a year-over-year basis. Equities research analysts anticipate that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newell Brands

A number of hedge funds have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands in the fourth quarter worth $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands during the fourth quarter valued at approximately $46,000. Farther Finance Advisors LLC boosted its holdings in Newell Brands by 212.6% during 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. Smartleaf Asset Management LLC grew its holdings in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after acquiring an additional 1,666 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

About Newell Brands

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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