Newell Brands (NYSE:NWL): Jefferies Reaffirms Hold Rating Today, Has a Target of $23/Share

August 9, 2018 - By Jason Dias

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.

Asset Management Inc owns 0% invested in Newell Brands Inc. (NYSE:NWL) for 4,345 shares. Michigan-based Plante Moran Financial Advisors Limited Liability has invested 0% in Newell Brands Inc. (NYSE:NWL). Moreover, Two Sigma Securities Limited Liability Company has 0.01% invested in Newell Brands Inc. (NYSE:NWL). Vident Inv Advisory Limited Liability Company holds 13,035 shares or 0.01% of its portfolio. Credit Agricole S A holds 0.02% or 11,300 shares. Argyle Capital owns 0.19% invested in Newell Brands Inc. (NYSE:NWL) for 18,700 shares. Savings Bank Of Hawaii accumulated 0.02% or 10,390 shares. Optimum Advsr reported 0.01% stake. Van Eck Assocs Corp accumulated 336 shares. Associated Banc has invested 0.05% in Newell Brands Inc. (NYSE:NWL). Kornitzer Management Ks owns 15,000 shares or 0.01% of their US portfolio. California Public Employees Retirement accumulated 1.22 million shares. Assetmark Inc owns 1,891 shares or 0% of their US portfolio. California State Teachers Retirement Sys reported 836,739 shares or 0.05% of all its holdings. Dekabank Deutsche Girozentrale holds 2.03M shares.

Since May 18, 2018, it had 2 insider purchases, and 0 sales for $132,790 activity. The insider TODMAN MICHAEL bought $106,120.

Newell Brands (NYSE:NWL) Rating Reaffirmed

Newell Brands (NYSE:NWL) just had their share rating of a ‘Hold’ issued by research analysts at Jefferies, who now has a $23 target price on the $10.10 billion market cap company or a 10.63 % upside potential. This key information was revealed to investors in a research note on 8 August.

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 23 the stock rating was maintained by Wells Fargo with “Buy”. The stock of Newell Brands Inc. (NYSE:NWL) has “Market Perform” rating given on Wednesday, August 8 by BMO Capital Markets. The firm earned “Buy” rating on Monday, June 11 by Wells Fargo. The stock of Newell Brands Inc. (NYSE:NWL) has “Hold” rating given on Tuesday, March 27 by SunTrust. As per Monday, July 16, the company rating was maintained by Bank of America. JP Morgan maintained the shares of NWL in report on Tuesday, February 20 with “Neutral” rating. The stock of Newell Brands Inc. (NYSE:NWL) earned “Buy” rating by Wells Fargo on Sunday, June 3. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, February 12. The rating was maintained by Citigroup with “Buy” on Wednesday, August 8. Wells Fargo maintained the shares of NWL in report on Monday, March 19 with “Hold” 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 Reminds Investors in Newell Brands, Inc. (NYSE: NWL) of the August 20, 2018 Securities Class Action …” on August 01, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: HAIR TAL UNM ORA NWL PCG FLKS ACAD: The Law Offices of Vincent Wong Reminds …” published on August 08, 2018, Globenewswire.com published: “CLASS ACTION UPDATE for SBGL and NWL: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of …” on August 08, 2018. More interesting news about Newell Brands Inc. (NYSE:NWL) were released by: Seekingalpha.com and their article: “Market Has Forgiven Stocks – Cramer’s Mad Money (8/6/18)” published on August 07, 2018 as well as Globenewswire.com‘s news article titled: “Hagens Berman Alerts Investors in Newell Brands, Inc. (NYSE: NWL) to the August 20, 2018 Securities Class Action …” with publication date: July 18, 2018.

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

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