UBS Group Cuts Newell Brands (NASDAQ:NWL) Price Target to $5.50

Newell Brands (NASDAQ:NWL) had its target price lowered by equities research analysts at UBS Group from $8.00 to $5.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 16.40% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada cut their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a report on Monday. Barclays boosted 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. Finally, Wells Fargo & Company dropped their price target on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Newell Brands presently has a consensus rating of “Hold” and an average price target of $9.14.

Newell Brands Stock Up 2.1 %

Shares of NASDAQ NWL traded up $0.10 during midday trading on Thursday, hitting $4.73. 4,105,688 shares of the company’s stock were exchanged, compared to its average volume of 8,966,059. The firm’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $8.25. Newell Brands has a twelve month low of $4.22 and a twelve month high of $11.78. 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 has a market cap of $1.97 billion, a PE ratio of -9.09, a P/E/G ratio of 0.95 and a beta of 0.84.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. PFG Investments LLC raised its position in shares of Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after purchasing an additional 981 shares during the period. TriaGen Wealth Management LLC lifted its stake in Newell Brands by 1.7% during 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 during the last quarter. Arizona State Retirement System boosted its stake in Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock worth $1,202,000 after buying an additional 1,125 shares in the last quarter. Optas LLC grew its holdings in shares of Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Accurate Wealth Management LLC lifted its stake in shares of Newell Brands by 14.8% in the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after acquiring an additional 1,531 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

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.