Wells Fargo analyst Bonnie Herzog reiterated a Buy rating on Newell Brands (NWL) yesterday and set a price target of $21. The company’s shares closed on Friday at $17.16, close to its 52-week low of $15.12.
Herzog commented:
“We’re A “Sucker For Pain” – Maintain Outperform Rating Conservative FY19 Guidance Sets Up A Beat-And-Raise Story.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.5% and a 60.6% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.
Currently, the analyst consensus on Newell Brands is a Moderate Buy with an average price target of $22.67.
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Based on Newell Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $208 million. In comparison, last year the company had a net profit of $1.65 billion.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative 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.
