Newell Brands (NASDAQ:NWL) Stock Rating Upgraded by Wall Street Zen

Newell Brands (NASDAQ:NWL) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research firms also recently issued reports on NWL. JPMorgan Chase & Co. boosted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Zacks Research raised Newell Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. UBS Group increased their price target on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Newell Brands from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $6.66.

Newell Brands Stock Performance

NWL opened at $5.65 on Friday. Newell Brands has a 12-month low of $3.07 and a 12-month high of $7.13. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $2.41 billion, a PE ratio of -10.66, a P/E/G ratio of 1.40 and a beta of 0.88. The firm has a 50 day moving average of $5.81 and a two-hundred day moving average of $5.01.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, analysts anticipate that Newell Brands will post 0.76 EPS for the current year.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford Turner sold 100,000 shares of Newell Brands stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider directly owned 433,398 shares of the company’s stock, valued at $2,669,731.68. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is currently owned by company insiders.

Institutional Trading of Newell Brands

A number of hedge funds have recently added to or reduced their stakes in NWL. BlackRock Inc. purchased a new position in Newell Brands in the second quarter valued at $436,133,000. Pzena Investment Management LLC acquired a new position in shares of Newell Brands in the second quarter worth about $294,663,000. Rubric Capital Management LP boosted its stake in shares of Newell Brands by 17.4% during the 1st quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock worth $52,333,000 after acquiring an additional 2,257,431 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Newell Brands during the 2nd quarter worth about $36,003,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Newell Brands during the 2nd quarter worth about $15,135,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

About Newell Brands

Newell Brands Inc is a global consumer-goods company that designs, manufactures and markets products for the home, workplace, school and outdoor recreation. Its portfolio includes storage and organization products, writing instruments, food and beverage preparation items, cookware, small appliances, outdoor equipment, candles and other household goods.

The company’s brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer’s, FoodSaver, Mr. Coffee, Oster, Calphalon and Sistema.