In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Newell Brands (NWL), with a price target of $12.00. The company’s shares closed last Monday at $12.37.
According to TipRanks.com, Mohsenian is a 3-star analyst with an average return of 0.8% and a 54.3% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Mondelez International.
The word on The Street in general, suggests a Hold analyst consensus rating for Newell Brands with a $14.78 average price target, representing a 21.2% upside. In a report issued on May 1, Oppenheimer also assigned a Hold rating to the stock.
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Newell Brands’ market cap is currently $5.5B and has a P/E ratio of 51.20. The company has a Price to Book ratio of -1.50.
Based on the recent corporate insider activity of 51 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: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.
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