In a report issued on May 11, Lauren Lieberman from Barclays maintained a Hold rating on Newell Brands (NYSE: NWL), with a price target of $29. The company’s shares closed on Friday at $27.06, close to its 52-week low of $23.85.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 0.8% and a 54.5% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Edgewell Personal Care, and Colgate-Palmolive.
Currently, the analyst consensus on Newell Brands is Moderate Buy and the average price target is $30.40, representing a 12.3% upside.
In a report issued on May 7, Jefferies also maintained a Hold rating on the stock with a $30 price target.
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Newell Brands’ market cap is currently $13.13B and has a P/E ratio of 6.11. The company has a Price to Book ratio of 0.93.
Based on the recent corporate insider activity of 28 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.
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Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Writing, Home Solutions, Tools, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions, and Process Solutions.
