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Newell Brands Receives a Hold from Jefferies


In a report issued on July 9, Kevin Grundy from Jefferies reiterated a Hold rating on Newell Brands (NYSE: NWL), with a price target of $29. The company’s shares closed yesterday at $27.80, close to its 52-week low of $22.60.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.6% and a 68.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Newell Brands with a $28.67 average price target.

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The company has a one-year high of $54.19 and a one-year low of $22.60. Currently, Newell Brands has an average volume of 6.05M.

Based on the recent corporate insider activity of 27 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.