Citigroup Keeps a Buy Rating on Newell Brands (NWL)
In a report released today, Wendy Nicholson from Citigroup maintained a Buy rating on Newell Brands (NWL), with a price target of $27. The company’s shares closed yesterday at $24.17.
According to TipRanks.com, Nicholson is a 3-star analyst with an average return of 2.0% and a 60.7% success rate. Nicholson covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Craft Brewers Alliance, and Monster Beverage Corp.
Newell Brands has an analyst consensus of Moderate Buy, with a price target consensus of $24.29.
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Based on Newell Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $7.31 billion. In comparison, last year the company had a net profit of $234 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock.
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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: Live, Learn, Work, Play, and Other. The Live segment sources, markets, and distributes a line of household products.