Key Analysts at Citigroup Reiterate their ‘”Buy”’ rating for Newell Brands (NYSE:NWL) Shares Today. Their PT Given is $29

August 9, 2018 - By Lisa Delgado

Newell Brands Inc. (NYSE:NWL) Logo

Investors sentiment increased to 0.94 in Q1 2018. Its up 0.22, from 0.72 in 2017Q4. It is positive, as 81 investors sold Newell Brands Inc. shares while 183 reduced holdings. 98 funds opened positions while 151 raised stakes. 456.01 million shares or 5.67% more from 431.52 million shares in 2017Q4 were reported.

649,600 are owned by Adage Partners Gp Ltd Co. Nuveen Asset Mgmt Limited Company owns 23,158 shares. Credit Agricole S A holds 0.02% of its portfolio in Newell Brands Inc. (NYSE:NWL) for 11,300 shares. Cibc Asset Mngmt holds 0.01% of its portfolio in Newell Brands Inc. (NYSE:NWL) for 46,214 shares. Trillium Asset Mgmt owns 397,452 shares or 0.56% of their US portfolio. Swiss Bankshares invested in 0.05% or 1.57M shares. Citadel Advisors Ltd Com accumulated 822,471 shares. 15,000 are owned by Paw Capital. Klingenstein Fields Communications Llc owns 337,911 shares for 0.33% of their portfolio. Vantage Advsr Limited Liability Corp reported 0% stake. Balyasny Asset owns 11,337 shares or 0% of their US portfolio. Macquarie Grp Ltd has invested 0% of its portfolio in Newell Brands Inc. (NYSE:NWL). Loomis Sayles And Com L P owns 398,157 shares for 0.02% of their portfolio. Daiwa Securities Grp Inc Inc, Japan-based fund reported 16,078 shares. National Bank & Trust Of Nova Scotia has 0.01% invested in Newell Brands Inc. (NYSE:NWL) for 62,962 shares.

Since May 18, 2018, it had 2 buys, and 0 selling transactions for $132,790 activity. $26,670 worth of Newell Brands Inc. (NYSE:NWL) was bought by Craigie James.

Newell Brands (NYSE:NWL) Rating Reaffirmed

The firm has just set a target price of $29 on Newell Brands (NYSE:NWL) shares. This is 39.49 % from the previous close. In an analyst report shared with investors and clients on Wednesday morning, Citigroup restate their “Buy” rating on shares of NWL.

Newell Brands Inc. (NYSE:NWL) Ratings Coverage

Among 9 analysts covering Newell Brands (NYSE:NWL), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Newell Brands has $3500 highest and $23 lowest target. $27.25’s average target is 31.07% above currents $20.79 stock price. Newell Brands had 15 analyst reports since February 12, 2018 according to SRatingsIntel. On Monday, April 16 the stock rating was upgraded by Wells Fargo to “Buy”. Morgan Stanley maintained the shares of NWL in report on Monday, February 12 with “Equal-Weight” rating. The firm earned “Market Perform” rating on Wednesday, August 8 by BMO Capital Markets. The firm has “Neutral” rating by Bank of America given on Tuesday, August 7. JP Morgan maintained Newell Brands Inc. (NYSE:NWL) rating on Tuesday, February 20. JP Morgan has “Neutral” rating and $26 target. Jefferies maintained the stock with “Hold” rating in Wednesday, August 8 report. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, February 20 report. The stock of Newell Brands Inc. (NYSE:NWL) earned “Buy” rating by Citigroup on Wednesday, August 8. On Monday, July 16 the stock rating was maintained by Bank of America with “Neutral”. Wells Fargo maintained Newell Brands Inc. (NYSE:NWL) on Sunday, June 3 with “Buy” rating.

The stock decreased 4.11% or $0.89 during the last trading session, reaching $20.79. About 27.00 million shares traded or 291.10% up from the average. Newell Brands Inc. (NYSE:NWL) has declined 52.59% since August 9, 2017 and is downtrending. It has underperformed by 65.16% the S&P500.

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company has market cap of $10.10 billion. The firm offers markers and highlighters, pens, and pencils; art products; activity adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer's, X-Acto, Parker, Waterman, and Dymo Office brands. It has a 4.89 P/E ratio. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery products; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand.

More notable recent Newell Brands Inc. (NYSE:NWL) news were published by: Globenewswire.com which released: “Hagens Berman Alerts Investors in Newell Brands, Inc. (NYSE: NWL) to the August 20, 2018 Securities Class Action …” on July 18, 2018, also 247Wallst.com with their article: “Is This the Final Capitulation for an Elusive Newell Turnaround?” published on August 08, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: HAIR TAL UNM ORA NWL PCG FLKS ACAD: The Law Offices of Vincent Wong Reminds …” on August 08, 2018. More interesting news about Newell Brands Inc. (NYSE:NWL) were released by: Globenewswire.com and their article: “Hagens Berman Reminds Investors in Newell Brands, Inc. (NYSE: NWL) of the August 20, 2018 Securities Class Action …” published on August 01, 2018 as well as Seekingalpha.com‘s news article titled: “Market Has Forgiven Stocks – Cramer’s Mad Money (8/6/18)” with publication date: August 07, 2018.

Newell Brands Inc. (NYSE:NWL) Institutional Positions Chart

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