Citigroup analyst Wendy Nicholson maintained a Buy rating on Newell Brands (NYSE: NWL) today and set a price target of $29. The company’s shares closed yesterday at $21.68, close to its 52-week low of $21.65.
Nicholson has an average return of 17.1% when recommending Newell Brands.
According to TipRanks.com, Nicholson is ranked #2065 out of 4850 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Newell Brands with a $27.50 average price target, implying a 26.8% upside from current levels. In a report released yesterday, Wells Fargo also reiterated a Buy rating on the stock with a $33 price target.
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Based on Newell Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $330 million. In comparison, last year the company had a net profit of $223 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.
