JPMorgan Chase & Co. Lowers Newell Brands (NASDAQ:NWL) Price Target to $6.00

Newell Brands (NASDAQ:NWL) had its target price decreased by JPMorgan Chase & Co. from $8.00 to $6.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 27.12% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Barclays lifted their price objective 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. Canaccord Genuity Group decreased their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. UBS Group increased their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Citigroup decreased their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.14.

Newell Brands Stock Performance

Shares of NWL stock opened at $4.72 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $8.32. The firm has a market capitalization of $1.97 billion, a P/E ratio of -9.08, a P/E/G ratio of 0.95 and a beta of 0.84. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, research analysts anticipate that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NWL. EP Wealth Advisors LLC bought a new position in shares of Newell Brands in the third quarter valued at approximately $218,000. MML Investors Services LLC boosted its stake in Newell Brands by 35.4% during the 3rd quarter. MML Investors Services LLC now owns 42,821 shares of the company’s stock valued at $329,000 after purchasing an additional 11,201 shares in the last quarter. M&T Bank Corp raised its stake in shares of Newell Brands by 6.7% in the 3rd quarter. M&T Bank Corp now owns 50,694 shares of the company’s stock worth $389,000 after buying an additional 3,202 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Newell Brands by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock valued at $50,973,000 after buying an additional 115,459 shares during the period. Finally, Virtu Financial LLC bought a new position in Newell Brands during the third quarter valued at about $225,000. Institutional investors and hedge funds 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.