Wells Fargo analyst Bonnie Herzog reiterated a Buy rating on Newell Brands (NYSE: NWL) today and set a price target of $33. The company’s shares closed yesterday at $21.64, close to its 52-week low of $20.21.
Herzog noted:
“We See Significant Upside Potential Even In Bear Case Scenario Increased Conviction In Our Outperform Rating.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 6.8% and a 70.1% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Coca-Cola European Partners, and Edgewell Personal Care.
Newell Brands has an analyst consensus of Moderate Buy, with a price target consensus of $26.33.
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The company has a one-year high of $43.99 and a one-year low of $20.21. Currently, Newell Brands has an average volume of 7.26M.
Based on the recent corporate insider activity of 33 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: Live, Learn, Work, Play, and Other. The Live segment sources, markets, and distributes a line of household products.
