Newell Brands (NASDAQ:NWL) Price Target Cut to $7.75 by Analysts at Citigroup

Newell Brands (NASDAQ:NWL) had its target price decreased by equities researchers at Citigroup from $10.50 to $7.75 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 7.74% from the stock’s previous close.

NWL has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. UBS Group upped their price target on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Barclays lifted their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company dropped their price objective on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Canaccord Genuity Group lowered their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.55.

Newell Brands Stock Up 0.9 %

NWL stock opened at $7.19 on Monday. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78. The firm has a 50 day simple moving average of $10.15 and a 200 day simple moving average of $8.72. The firm has a market cap of $2.99 billion, a PE ratio of -11.99, a P/E/G ratio of 1.09 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data 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 positive return on equity of 10.22% and a negative net margin of 3.22%. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities research analysts forecast that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.

Institutional Trading of Newell Brands

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after purchasing an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Newell Brands by 4.8% during the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after purchasing an additional 674,015 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Newell Brands during the fourth quarter worth about $72,431,000. Victory Capital Management Inc. raised its holdings in shares of Newell Brands by 43.7% during the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock worth $67,637,000 after buying an additional 2,066,599 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Newell Brands by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock valued at $50,973,000 after purchasing an additional 115,459 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

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.