Newell Brands (NASDAQ:NWL) Given New $14.00 Price Target at Canaccord Genuity Group

Newell Brands (NASDAQ:NWL) had its price objective trimmed by Canaccord Genuity Group from $15.00 to $14.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Barclays upped their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective 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. Wells Fargo & Company raised their target price on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.50.

Newell Brands Trading Down 1.7 %

NWL stock opened at $7.01 on Monday. The firm has a market cap of $2.92 billion, a PE ratio of -11.68, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The firm has a fifty day moving average price of $10.15 and a 200 day moving average price of $8.72. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same period in the prior year, the firm posted $0.22 EPS. Sell-side analysts anticipate that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC lifted its stake in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC raised its holdings in Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after purchasing an additional 991 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after buying an additional 1,125 shares during the last quarter. Optas LLC boosted its holdings in shares of Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after buying an additional 1,306 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after buying an additional 1,345 shares during the last quarter. 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.