In a report issued on October 5, Lauren Lieberman from Barclays maintained a Hold rating on Newell Brands (NYSE: NWL), with a price target of $24. The company’s shares closed on Friday at $18.82, close to its 52-week low of $18.61.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 0.1% and a 50.5% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Keurig Dr Pepper Inc, and Colgate-Palmolive.
Newell Brands has an analyst consensus of Moderate Buy, with a price target consensus of $26.17.
Based on Newell Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $132 million. In comparison, last year the company had a net profit of $234 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NWL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Live, Learn, Work, Play, and Other. The Live segment sources, markets, and distributes a line of household products.